Top 10 AI Infrastructure Stocks to Buy Now

6. Reddit, Inc. (NYSE:RDDT)

Number of Hedge Fund Holders: 72

With strong hedge fund backing and a positive analyst outlook, Reddit, Inc. (NYSE:RDDT) makes it to our list of the Top 10 AI Infrastructure Stocks to Buy Now.

On July 11, 2025, JMP Securities announced its decision to maintain a ‘Market Outperform’ rating on Reddit, Inc. (NYSE:RDDT) with a $180 price target. This update follows a noted slowdown in the company’s user engagement metrics. While U.S. time spent increased 0.3% YoY in June, its global in-app time decreased by 5.9%. Yet, Reddit noted a 64.1% increase in its revenue over the past year, attributed to ad monetization and increased traffic from Google’s AI search integration.

Further reinforcing analysts’ positive sentiment is Reddit’s revenue of $392 million that it achieved for Q1 2025, which was a 61% YoY increase. The bottom line also turned positive ($26.2 million), which is a turnaround from a loss in the same quarter a year ago. Reddit, Inc. (NYSE:RDDT) sees its revenue growing to $410-$430 million in Q2, with adjusted EBITDA in the range of $110-$130 million. Moreover, it has rolled out new AI-powered ad tools that are set to improve the company’s brand targeting based on user interactions.

Reddit, Inc. (NYSE:RDDT), launched in 2005, is an American social media forum that enables user interactions through interest-based communities.