Reddit investing analysts are split on Apple’s flat iPhone sales, but Q2 Services revenue jumped 8%, supporting the bullish thesis that services will drive valuation upgrades in 2024. While ChatGPT citations grab headlines, Google search drives the lion's share of Reddit's traffic. Any algorithm change could impact user growth, and at current valuations, Reddit can't afford that. Its advertising revenue, which accounts for 93% of the top line, relies on consistent increases in traffic. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » Electric vehicle demand softness is trending on Reddit investing, yet BYD’s export growth of 31% YoY fuels optimism on China’s EV sector resilience.
