Reddit's Stock Price Soars 48%, AI Earnings Are Key
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The translation of the provided data:
Reddit's stock price surged 48% above its initial public offering price, primarily due to the company's earnings in the artificial intelligence sector, which has been well-received by investors. Meanwhile, the price of Bitcoin has fallen to a two-week low, leading investors to question the potential for a Federal Reserve interest rate cut. Former President Trump could potentially reap $3.5 billion in gains from the upcoming listing of Truth Social. Reddit's successful IPO demonstrates the market's reactions and expectations towards the divergent paths of digital currencies and social media.
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