Reddit shares fell 4.30 on Wednesday as tech and AI-related stocks declined with the Nasdaq-100, according to Benzinga. The company's stock reversed course after a 49 rally over the past month that pushed it to a new 52-week high following strong second-quarter earnings. Reddit reported $499.6 million in revenue and 21 user growth, driving analyst upgrades and a bullish third-quarter outlook. Reddit’s strong 2025 performance has drawn institutional interest. Tiger Global more than doubled its stake in the second quarter, boosting its position from $341 million to $926 million.