Yes, iShares Expanded Tech-Software Sector ETF (IGV) holds RDDT with 0.10% (as of 2026-09-22).

Reddit, Inc. (RDDT) is held by IGV (0.10%).

What AI bubble is RDDT in?

Reddit, Inc. (RDDT) is mapped to the Enterprise SaaS AI bubble on QuantAbundance. Classifier 2026-05-07: extended tier, corr 0.56 to ai-software centroid (29 obs, 2nd: hyperscalers 0.539). is_primary_bubble=FALSE.

What sector is RDDT in?

Reddit, Inc. is classified under GICS Communication Services (Interactive Media & Services).

What is RDDT's last close price?

RDDT last closed at $152.72 on 2026-09-24.

RDDT

NYSENext earnings·Oct 29AnalystsBuy·33+40%

Reddit, Inc.

Communication Services · Interactive Media & Services

$152.72last close

$152.67+0.7%perp 24/7 · USD · funding +39% apr · trade ↗

-35.2%~252d

Price

-35.20% over 1Y

4 auto-fib

Tese

em 2026-09-24

Bull case

Reddit is a hybrid social-ads + AI-data-licensing read: ~90% of revenue is still ads (DAUq ~108M, ARPU expanding off a low base vs $META/$SNAP) but the data-licensing leg (Google ~$60M/yr multi-year, OpenAI ~$60M/yr) reprices the corpus as a strategic LLM training input.

Search indexation by Google has structurally lifted SEO traffic post-2024 ranking change, and Reddit Answers (in-product AI search) is the platform's defensive moat against ChatGPT cannibalization of forum lookups.

- Data-licensing line is high-margin recurring revenue with no incremental cost; every new LLM lab is a potential renewal/expansion

- Ads ARPU still under-monetized vs peers; international + performance ads are early innings

- Reddit Answers + ML-driven feed = path to $META-style engagement compounding

- Logged-out users (search traffic) now a contributor - long tail of monetizable surface

Bear case

- Ad revenue concentration in US makes any macro slowdown a direct hit

- LLM crawlers route around licensing via scraping; enforcement is contractual not technical

- Moderation reliant on unpaid volunteers - 2023 API blackout showed fragility

- Trades at a Communication-Services multiple but earnings still GAAP-negative ex-SBC; valuation leans on data-licensing TAM narrative

•Feb 2024 - $GOOGL data-licensing agreement, ~$60M/yr, multi-year, grants Google structured access to Reddit corpus for AI training + search
•May 2024 - $MSFT-backed OpenAI data-licensing partnership, terms undisclosed but reported ~$60M/yr; powers ChatGPT's access to Reddit content
•Mar 2024 - IPO on NYSE at $34/share; first major US social-media IPO since $PINS (2019)
•2024-2025 - Reddit Answers launched (in-product AI search built on licensed-out + licensed-in LLM stack)
•Ongoing - Multiple smaller AI-lab licensing deals undisclosed; pipeline scales with new model training cycles

clientesGoogle ($GOOGL) — data licensing · OpenAI ($MSFT-backed) — data licensing · undisclosed AI labs — data licensing · advertisers (performance + brand)

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Analyze RDDT· interactive tools

Fibonacci levels Correlation matrix Learn the method

Bubbles· capital-flow co-movement

Enterprise SaaS AIw 0.45

Conviction· in 1 watchlist

#8Claude-managed fund
6.20%weight

Top correlated· 252d co-movement

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Held by ETFs

IGViShares Expanded Tech-Software Sector ETF
0.10%

Key levels

$150.14
0.786 retr of 119.27->263.50 (52w) · 2026-09-24
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
+1.7%
$174.37
0.618 retr of 119.27->263.50 (52w) · 2026-09-24
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
-12.4%
$191.38
0.5 retr of 119.27->263.50 (52w) · 2026-09-24
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
-20.2%
$208.40
0.382 retr of 119.27->263.50 (52w) · 2026-09-24
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
-26.7%

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Facts

Exchange: NYSE
Currency: USD
Market cap: $29.38B
Last update: 2026-09-24

Revenue (TTM)$2.8B

P/E35.5×

P/S10.6×

Net margin31.3%

Frequently asked questions

Is RDDT in IGV?: Yes, iShares Expanded Tech-Software Sector ETF (IGV) holds RDDT with 0.10% (as of 2026-09-22).
What ETFs hold RDDT?: Reddit, Inc. (RDDT) is held by IGV (0.10%).
What AI bubble is RDDT in?: Reddit, Inc. (RDDT) is mapped to the Enterprise SaaS AI bubble on QuantAbundance. Classifier 2026-05-07: extended tier, corr 0.56 to ai-software centroid (29 obs, 2nd: hyperscalers 0.539). is_primary_bubble=FALSE.
What sector is RDDT in?: Reddit, Inc. is classified under GICS Communication Services (Interactive Media & Services).
What is RDDT's last close price?: RDDT last closed at $152.72 on 2026-09-24.