Apple's Vision Pro Is Suffering From a Lack of Immersive Video
Last week in Power On: Apple's AI voice control system will change the way people use their iPhone.
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Reddit (RDDT) Shares Soar 128% Over Last Quarter
Reddit achieved a remarkable turnaround with its share price soaring 128% over the last quarter, buoyed by unexpected positive earnings where sales surged to $499 million, marking a sharp contrast to prior-year losses. This upswing occurred during a period of broader market gains—the market was up 17% year-over-year—with Reddit also having been added to multiple indices, potentially enhancing its market visibility. Despite facing a class action lawsuit over alleged misleading statements on Google's AI impacts, the company maintained robust earnings guidance, suggesting potential resilience amidst market volatility. Buy, Hold or Sell Reddit? View our complete analysis and fair value estimate and you decide. We've found 19 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. The recent news about Reddit's impressive quarterly share price increase of 128% is a significant factor in their broader narrative of international expansion and user-generated content. This price rise suggests strong investor confidence, despite ongoing legal challenges. Over the past year, Reddit's total return was very large at 348.83%, showcasing a robust performance compared to the US Interactive Media and Services industry's 34.5% return over the same period. This indicates Reddit's outperformance relative to both its industry and the broader market, which returned 17% in the last year. This context underscores Reddit's potential to remain competitive and capture further market share through increasing engagement and ad revenue growth. Looking at revenue and earnings forecasts, Reddit's latest earnings surge to US$499 million suggests potential upward revisions in analyst forecasts could materialize if the company continues to leverage its global user base. However, moderation risks and digital ad dependency may remain pressures on sustained growth. With Reddit's current share price at US$246.50, the analyst consensus price target is US$195.96, reflecting a 20.5% expected decline, indicating potential volatility and market skepticism regarding future valuation at the present PE ratio. Nonetheless, Reddit's profitability and revenue trajectory provide foundational support for evaluating long-term growth considerations. Take a closer look at Reddit's potential here in our financial health report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include RDDT. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
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Duolingo CEO says controversial AI memo was misunderstood
While Duolingo CEO Luis von Ahn was loudly criticized this year after declaring that Duolingo would become an 'AI-first company,' he suggested in a new interview the real issue was that he 'did not give enough context.' 'Internally, this was not controversial,' von Ahn told The New York Times. 'Externally, as a publicly traded company some people assume that it's just for profit. Or that we're trying to lay off humans. And that was not the intent at all.' On the contrary, von Ahn said the company has 'never laid off any full-time employees' and has no intention of doing so. And while he didn't deny that Duolingo had cut its contractor workforce, he suggested that 'from the beginning … our contractor workforce has gone up and down depending on needs.' Despite the criticism (which does not seem to have made a big impact on Duolingo's bottom line), von Ahn still sounds extremely bullish about A.I.'s potential, with Duolingo team members taking every Friday morning to experiment with the technology. 'It's a bad acronym, f-r-A-I-days,' he said. 'I don't know how to pronounce it.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNN
an hour ago
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On GPS: Will AI save the economy?
Massive spending on artificial intelligence is propping up the US economy. So will AI save us, or is it a bubble waiting to pop? Fareed speaks with journalist Derek Thompson, co-author of the bestseller "Abundance."
