Why Reddit Stock Is Plummeting This Week

Reddit (NYSE: RDDT) stock has gotten hit with a big pullback in this week's trading. Ahead of the market's open this Friday, the company's share price had fallen 11.3% from its level at the previous week's market close. Over the same stretch, the S&P 500 was down 1.2%, and the Nasdaq Composite was down 2.4%.Reddit and other tech stocks have gotten hit with big pullbacks amid an uptick in concerns that valuations for artificial intelligence (AI) stocks could be in a bubble. The company's share price has also been under pressure due to bearish inflation indicators.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool