Group 1: Reddit - Reddit is a relatively new public company, having debuted via an IPO less than a year ago, with the stock up more than 215% since its IPO [2] - The company reported more than 97 million daily active uniques (DAUq) in its most recent quarter, representing 47% year-over-year growth [3] - Revenue in the most recent quarter hit an all-time high of 29 million [4] - Reddit's growth potential is significant as advertisers can micro-target ads on its platform, positioning it well within the digital advertising ecosystem [5] Group 2: Tesla - Tesla's stock has surged by more than 80% in the last three months after three years of sideways movement [6] - CEO Elon Musk's close relationship with President-elect Donald Trump is seen as a factor in Tesla's stock resurgence, potentially aiding in regulatory approvals [8] - The company is entering a phase where clearing regulatory hurdles will be crucial for rolling out full self-driving capabilities [9] - Tesla's gross margin increased to around 20% in its most recent quarter, marking the second consecutive increase after years of declining profitability [10] - The company is well positioned to capitalize on a favorable regulatory environment, particularly with plans for significant updates to its full self-driving software [12]
2 No-Brainer Technology Stocks to Buy Right Now