Can Reddit Surprise Investors Like Astera Did on the Debut?
$Astera Labs, Inc.(ALAB)$ , AI concept company, surged 72% and closed at $62.03 during its trading debut.
The company aims to enhance chip efficiency by integrating with other data center components and has secured deals with major AI chipmakers like $NVIDIA Corp(NVDA)$ and $Advanced Micro Devices(AMD)$.
With an IPO price of $36, Astera's price-sales ratio stands at approximately 47 times.
How will another AI concept stock $Reddit(RDDT)$ perform today?
Reddit prices its initial public offering at $34 and will start trading tonight. Reddit warned in its prospectus that trading in its shares could be particularly volatile.
Wallstreetbet users show negative sentiments towards its IPO:
Millions of young/new investors are about to learn a valuable lesson
Maybe just the dump no pump
Comment Image
But some investors are bullish:
Inverse wsb, I’m all in.
How do you view?
Will you Reddit go on a roller coaster ride today?
Will you join the party?
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@Aqa @LMSunshine @koolgal @Universe宇宙 @rL @Shyon @GoodLife99 @HelenJanet @DiAngel
How do you view?
Will you Reddit go on a roller coaster ride today?
Will you join the party?
Rewards
Leave your comments and also post to win tiger coins~
Every valid comment will get at least 5 tiger coins!
The hot and insightful comment will even get hundreds of tiger coins!
Great News & great for long term
Investment hopefully will
have good profits