In the finance industry, Reddit has become a vital online platform for sharing information. Platform raised $700 million in funding in summer of last year. Reddit was valued at $6 billion in February 2021, an increase of nearly 100% over its previous valuation of $6 million. As a way to stay on top of retail investor trends, hedge funds have begun monitoring popular Reddit groups like WallStreetBets, PennyStocks, and FinancialIndependence. NVIDIA Corporation and CrowdStrike Holdings, Inc. are two of the most popular tech stocks on Reddit right now.
Here is Insider Monkey’s list of the 10 most popular tech stocks to consider on Reddit. Hedge funds have become increasingly interested in Boxlight Corporation recently. With 980,700 shares worth over $2.2 million, Renaissance Technologies is Boxlight’s largest shareholder. Educator fatigue can be reduced with the help of the company’s educational technology solutions. iGaming and sports betting software are provided by GAN Limited. An increase of 300 percent in quarterly revenue was recently reported by the company. As of September 30, 2021, 16 hedge funds had $55 million invested in GAN Limited. Since Robinhood Markets, Inc. debuted on the market in the summer of last year, Reddit users have been flocking to the stock. However, the company’s progress has been hampered by data breaches and a decrease in quarter-over-quarter funded accounts. An AI-powered lending platform owned and operated by Upstart Holdings, Inc. The AgFed Credit Union in Washington recently announced a partnership with the company. Third Point has 12.4 million shares worth more than $3.9 billion, making it the largest shareholder. Sports entertainment and gaming company DraftKings Inc. provides digital sports entertainment and gaming to its customers. As recently as September 30, Sigdahl maintained his Buy rating on Craig-stock. Hallum’s The analyst emphasized that the “scarcity” of names in the sector seemed to justify the valuation. For more details, click the 10 Most Popular Tech Stocks To Consider On Reddit.
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