Reddit stock rose following the social media platform's release of new AI ad tools at the Cannes Lions festival the prior day.

Reddit announced a "listening tool" called Reddit Insights, which shares real-time insights with marketers to help them identify trends and launch campaigns. The other tool, called Conversation Summary Add-ons, allows brands to show "positive" user content under their ads.

Reddit launches AI-driven Insights and Conversation Summary tools to help advertisers analyze community trends and boost campaign relevance—announced at Cannes Lions.