Reddit's stock, $RDDT, has been soaring due to AI interest in its user data. The stock surged on its second day of trading, with a significant increase in value. Management's decision to give 8% equity to redditors was seen as a smart move. However, there are concerns about a potential downside, with some predicting a significant drop. Despite some fluctuations, there is optimism that the stock could reach the $20s. Traders are closely monitoring the situation, with some focusing on options and calls.