옵션 체인은 다양한 행사가격과 만기일에 대한 Skillz의 주식 옵션 주요 데이터를 보여줍니다. 트레이더들은 이 정보를 사용하여 잠재적 거래를 분석하고 Skillz에 대한 시장 심리를 평가합니다..

Skillz (NYSE:SKLZ) 주식, 옵션 체인

Skillz

Skillz Inc is a mobile game development company. It is engaged in re-inventing competitive mobile gaming and thereby expanding the mobile gaming market. Some of the games available on its platform are Dominoes Gold, Blackout Bingo, 21 Blitz, and Solitaire Cube among others. The company's reportable business segments are; the Skillz segment and the Aarki segment. The majority of its revenue is generated from the Skillz segment which is an eSports gaming platform, enabling game developers to monetize their content through multi-player competition. Geographically, the company derives its key revenue from the United States and the rest from Israel, China, Malta, and other countries.

Skillz Inc

Leveraging its operational network across America and its professional management system, BTC Digital will deploy the 154 LTC miners for the client and deliver full-service hosting solutions. These services will cover the entire process from miner transportation, power supply, on-site security, to daily operations and maintenance, enabling the client to focus on optimizing asset returns without the burden of operational complexities.

News

BTCT

Reported Earlier, BTC Digital Announces Litecoin Miner Hosting Agreement, Deploying 154 LTC Miners With 1,690 GH/s Capacity

Following the completion of the offering, JAB will beneficially own approximately 4.4% of KDP's outstanding common stock. The remaining shares beneficially owned by JAB will be subject to a 60-day lock-up agreement with the underwriter.

Reported Earlier, Keurig Dr Pepper Prices 75M Share Secondary Offering By JAB At $33.45/Share, Reducing JAB Stake To 4.4%

Proceeds from the Offering will be used for business expansion, brand promotion and marketing, software development, and for working capital and other general corporate purposes.

IPOs

Morgan Stanley Capital-Protected Notes Based on Value of S&P 500 Index

Reported Earlier, Smart Digital Group Limited Priced $6M Initial Public Offering Of 1.5M Common Shares At $4/Share

Reported Earlier, Kodiak Sciences Highlights Bispecific Protein Innovations And ABC Platform Advancements At ARVO 2025 In Salt Lake City

Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant entitling the holder to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols "CGCT" and "CGCTW", respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade.

CGCT

CGCTU

Cartesian Growth Corporation III Prices $240M Initial Public Offering, Upsized From 20M Units To 24M, Priced At $10/Unit

After a news report claimed that Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) was <a href="https://www.benzinga.com/25/04/45124373/tesla-board-explored-replacing-elon-musk-as-tesla-ceo-a-month-ago-report">looking to replace</a> CEO Elon Musk, a longtime Tesla bull dismissed the idea, calling the likelihood of such a move extremely low.
What Happened: On Thursday night, Gary Black, the managing partner at The Future Fund LLC, and a Tesla bull for years, addressed speculation about Musk's potential ouster in a post on X, dismissing concerns regarding the board seeking his replacement.
In his post, Black said if Musk stepped down as CEO but stayed on as a Chief Technology Officer or a Chief Product Officer, Tesla's stock could drop 5% to 10%. A complete departure, he warned, could trigger a 20% to 25% decline, wiping out nearly $220 billion in shareholder value.
See More: <a href="https://www.benzinga.com/markets/equities/25/05/45157565/dan-ives-raises-apple-price-target-to-270-says-worst-case-scenario-off-the-table-for-iphone-tariffs-as-tim-cook-reveals-made-in-india-move">Dan Ives Raises Apple Price Target To $270, Says &#8216;Worst Case Scenario&#8217; Off The Table For iPhone Tariffs As Tim Cook Reveals Made In India Move</a>
Black&#8217;s post highlights the extent to which Musk still anchors Tesla&#8217;s $880 billion market cap, a key reason why he believes the &#8220;odds are low&#8221; that the board chooses someone to replace him.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I'm of the opinion that if <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@Elonmusk</a> gave up his CEO role at <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> but continued in some role as Chief Technology Officer or Chief Product Officer, TSLA stock would fall by 5-10%. If Elon left TSLA altogether I believe TSLA stock would fall by 20-25%. For that reason I think… <a href="https://t.co/ZwJ62gEXSB">pic.twitter.com/ZwJ62gEXSB</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1918092329434730615?ref_src=twsrc%5Etfw">May 1, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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The noted fund manager posted this on X, with screenshots of <a href="https://benzinga.com/news/management/25/05/45155242/elon-musk-out-as-tesla-ceo-in-2025-prediction-markets-put-little-faith-in-wsj-report-here-are-the-top-replacement-picks">Benzinga&#8217;s report</a> on Musk&#8217;s possible replacements based on prediction markets. 
The post came just hours after Musk himself addressed the rumors, blasting The Wall Street Journal's report as an &#8220;extremely bad breach of ethics&#8221; and a &#8220;deliberately false article.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It is an EXTREMELY BAD BREACH OF ETHICS that the <a href="https://twitter.com/WSJ?ref_src=twsrc%5Etfw">@WSJ</a> would publish a DELIBERATELY FALSE ARTICLE and fail to include an unequivocal denial beforehand by the Tesla board of directors! <a href="https://t.co/9xdypLGg3c">https://t.co/9xdypLGg3c</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1917815854647107990?ref_src=twsrc%5Etfw">May 1, 2025</a></blockquote>
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Why It Matters: Another long-time Tesla bull, Dan Ives, of Wedbush Securities, said on Thursday that he believes Musk will remain as CEO of Tesla for at least <a href="https://www.benzinga.com/markets/equities/25/05/45126370/elon-musk-will-remain-tesla-ceo-for-at-least-5-years-says-dan-ives-as-company-calls-replacement-rumors-absolutely-false">the next five years</a>, while also adding that this might have been the board&#8217;s warning shot. 
Musk, a serial entrepreneur, is no stranger to <a href="https://benzinga.com/tech/25/05/45149124/elon-musk-replacement-rumors-billionaire-also-had-unceremonious-exits-from-paypal-openai">friction in the workplace</a> and unceremonious exits, with several such instances throughout his career.
Price Action: Tesla shares ended Thursday down by 0.58%, and are now down 1.06% after hours, in part due to the rumors and uncertainties surrounding a change in leadership.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="136" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/02001222/Screenshot-2025-05-02-at-9.42.02-AM-1024x136.png" alt="" class="wp-image-898250" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/02001222/Screenshot-2025-05-02-at-9.42.02-AM-1024x136.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/02001222/Screenshot-2025-05-02-at-9.42.02-AM-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/02001222/Screenshot-2025-05-02-at-9.42.02-AM-768x102.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/02001222/Screenshot-2025-05-02-at-9.42.02-AM-1536x204.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/02001222/Screenshot-2025-05-02-at-9.42.02-AM.png 1598w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
The stock scores high on momentum and quality according to Benzinga Edge Stock Rankings, and is favorable in the short and long terms, but is unfavorable in the medium term. For more insights, sign up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge</a>.
Photo Courtesy: Shutterstock.com
Read More: 
<ul>
<li><a href="https://www.benzinga.com/25/05/45156364/elon-musks-100m-climate-gamble-houstons-mati-carbon-wins-50m-with-rock-dust-hack-to-save-100m-farmers-across-3-continents">Elon Musk&#8217;s $100M Climate Gamble: Houston&#8217;s Mati Carbon Wins $50M With Rock Dust Hack To Save 100M Farmers Across 3 Continents</a></li>
</ul>

Markets

TSLA

Elon Musk's Exit As CEO Means 25% Drop In Tesla Stock Price: Gary Black Highlights Why Musk's Leadership Still Anchors Tesla's Valuation

On Thursday, Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) CEO Andy Jassy predicted a potential shift in consumer behavior reminiscent of the pandemic era while asserting that the e-commerce giant is doubling down on affordability.
What Happened: During <a href="https://www.benzinga.com/general/entertainment/25/05/45151230/amazon-q1-earnings-double-beat-q2-guidance-ceo-focuses-on-making-customers-lives-easier-and-better">Amazon's first-quarter earnings</a> call, Jassy addressed questions about Amazon's medium-term strategy amid trade tensions and possible tariff hikes.
&#8220;It's hard to tell what's gonna happen with tariffs right now,&#8221; he stated, adding, &#8220;There's maybe never been a more important time in recent memory than than, you know, trying to keep prices low, which we're heads down, pretty maniacally focused on.&#8221;
Jassy highlighted that Amazon is taking several proactive steps, including purchasing more inventory in advance for products it sells directly and encouraging third-party sellers to do the same, to shield customers from potential price increases.
See Also:&nbsp;<a href="https://www.benzinga.com/news/25/04/44999826/jeff-bezos-final-ceo-letter-isnt-just-about-amazon-it-is-a-clarion-call-for-resisting-normality-the" target="_blank" rel="noreferrer noopener">Jeff Bezos' Final CEO Letter Isn't Just About Amazon — It Is A Clarion Call For Resisting Normality: ‘The World Wants You To Be Typical…Don't Let It Happen'</a>
He also pointed out that during the pandemic, customer preferences changed in ways no one expected, and something similar could happen again.
Why It's Important: Amazon reported first-quarter net sales of $155.7 billion, marking a 9% increase from the same period last year and surpassing Wall Street's consensus estimate of $155.04 billion.
For the second quarter, the company expects net sales to range between $159 billion and $164 billion, representing year-over-year growth of 7% to 11%. Analysts, on average, are projecting second-quarter sales of $160.91 billion.
Earlier this week, it was reported that some Amazon sellers are opting out of Prime Day 2025 or <a href="https://www.benzinga.com/25/04/45058018/trumps-145-china-tariffs-spark-seller-backlash-as-amazon-prime-day-2025-faces-pullouts-and-discount-cuts-report">reducing their discounts</a> due to high tariffs imposed by President Donald Trump on goods imported from China.
Price Action: Amazon (AMZN) shares rose 3.13% during Thursday&#8217;s regular session, closing at $90.20. However, the stock fell 3.21% in after-hours trading, reaching $184.10, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Amazon holds a robust growth score of 94.08% in the Benzinga Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it stacks up against</a> other leading e-commerce competitors.
Photo Courtesy: DFree On Shutterstock.com
Read Next:
<ul>
<li><a href="https://www.benzinga.com/personal-finance/24/07/39842841/charlie-munger-said-getting-rich-is-harder-than-ever-but-heres-the-beauty-of-it-you-only-have-to" target="_blank" rel="noreferrer noopener">Charlie Munger Said Getting Rich Is Harder Than Ever, But Here&#8217;s ‘The Beauty Of It&#8217; — You Only Have To Do It Once</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

Tech

AMZN

Andy Jassy Predicts Pandemic-Like Consumer Shifts, Says Amazon Is 'Maniacally Focused' On Keeping Prices Low

Snap Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) reported <a target="_blank" href="https://www.benzinga.com/general/social-media/25/04/45084721/snap-hits-900-million-users-beats-q1-estimates-but-stock-slides-on-uncertainty" rel="noreferrer noopener">first-quarter results</a> on Tuesday and announced it would not provide second-quarter guidance.
Snap reported first-quarter revenue of $1.36 billion, up 14%, topping the Street consensus estimate of $1.35 billion<a target="_blank" href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0429" rel="noreferrer noopener">.</a>
The company reported an adjusted loss of 8 cents per share, beating a Street consensus estimate of 13 cents per share.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/social-media/25/04/44747892/amazon-wayfair-pinterest-win-analyst-backing-due-to-tariff-pause-supply-chain-relief-discretionary-spend-recovery" rel="noreferrer noopener">Amazon, Wayfair, Pinterest Win Analyst Backing Due To Tariff Pause, Supply Chain Relief, Discretionary Spend Recovery</a>
Multiple Wall Street analysts cut their <a target="_blank" href="https://www.benzinga.com/quote/SNAP/analyst-ratings" rel="noreferrer noopener">price targets on</a> the stock.
RBC Capital Markets analyst Brad Erickson maintained a Sector Perform rating with a price target of $12.
Canaccord Capital Markets analyst Maria Ripps maintained a Hold rating with a price target of $9, down from $10.
RBC Capital Markets: Snap&#8217;s first-quarter revenue was roughly in line with expectations, offset mainly by weakness in RoW and, to a lesser degree, Europe. The company&#8217;s DAUs were in line with the outlook and guidance. EBITDA came in materially ahead of expectations, driven by better cost discipline.
So far, in the second quarter of 2025, management notes a headwind for revenue, citing advertisers affected by the de minimis exemptions as an example. Regarding the infrastructure costs per DAU for the quarter, the company anticipates it will fall near the midpoint in the second quarter, with DAUs estimated to be around 468 million.
Investors recognize that Snap tends to lose share during moments of macro weakness, and this report will likely reinforce those views, particularly given Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google&#8217;s much more balanced tone last week (also historically consistent).
Adding to the pain, investors also walked away from the call with unanswered questions regarding how to think about the regional exposure, i.e., China-based advertisers, and whether the weakness is more from APAC or non-China advertisers with China supply chain &amp; de minimis exposure.
Erickson is intrigued at Snap&#8217;s opportunity with Spotlight to drive engagement with accretive monetization over time, but given its platform changes are moving slowly and the platform&#8217;s tendency to underperform during softer macro periods, the analyst lacks arguments to get more constructive beyond that, the stock has come down.
Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) should be better off, given its similar level of advertiser depth, which can fill in auction holes left by the most affected advertisers.
Erickson projected second-quarter revenue of $1.31 billion.
Canaccord Capital Markets: Snap&#8217;s first-quarter results were solid relative to expectations, with MAUs eclipsing 900 million for the first time, total revenue coming in modestly above consensus, and profitability solidly above guidance.
Consistent with the past two quarters, advertising revenue growth decelerated slightly but increased ~9%, with DR revenue maintaining mid-teens growth and comprising 75% of total advertising revenue for the first time. Total active advertisers increased by 60% in the first quarter, reflecting efforts to onboard more SMBs onto the platform, and Snap is increasingly focused on ramping spend from medium-sized advertisers.
Other revenue delivered another quarter of robust growth thanks to Snapchat+, now at a $600 million revenue run rate.
Snap expects stable trends going forward. Global time spent watching content grew in the first quarter, reflecting continued investment in AI models to support better content ranking and personalization.
These new models can integrate new trends and user interaction signals at double the pace of prior models, which helped the number of views on Spotlight posts. For My AI, improvements to responsiveness drove a 55% increase in the number of My AI DAUs in the US.
Given macro-related uncertainty, Snap did not provide formal second-quarter financial guidance. Management noted that it has seen headwinds to start the quarter as the cohort of advertisers impacted by changes to the de minimis exemption has curtailed spending. The company did indicate that it was still growing quarter-to-date.
Price Action: SNAP stock closed lower by 1.63% to $7.83 on Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/25/01/43230011/meta-leverages-tiktok-ban-threats-to-boost-instagram-offering-creators-cash-deals" target="_blank" rel="noreferrer noopener">Meta Wants To Leverage TikTok Ban Threat to Promote Instagram On Other Social Media, Offers Cash Deals</a></li>
</ul>
Photo by Poetra.RH via Shutterstock

Analyst Color

WIIM

Price Target

Reiteration

Analyst Ratings

Trading Ideas

GOOG

GOOGL

SNAP

Analyst Cautions On Snap As Meta And Google Benefit From Ad Spending Shifts

Jack Dorsey, CEO of Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>), expressed excitement about the upcoming delivery of the firm&#8217;s first Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining hardware on Thursday, developed as part of its mining products suite, Proto.
What Happened:&nbsp;During the company&#8217;s first-quarter earnings call, Dorsey confirmed that Block was on track to deliver the mining chips and systems in the second half of the year. 
&#8220;And the reason we're so excited is because we've seen this huge opportunity with Bitcoin miners and the systems that they have to deal with on a regular basis,&#8221; Dorsey stated. He noted the huge potential of the Bitcoin hardware supply industry, estimating it as a $3-6 billion annual revenue opportunity.
Block <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39721727/jack-dorseys-block-makes-historic-bitcoin-mining-chip-sale-to-core-scientific-our-first-mi">inked a deal</a> with leading miner Core Scientific Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>) last year to supply 15 exahashes per second (EH/s) worth of ASIC chips.
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/04/45096881/eric-trump-warns-banks-could-be-extinct-in-10-years-if-they-dont-watch-whats-coming-toutin" target="_blank" rel="noreferrer noopener">Eric Trump Warns Banks Could Be &#8216;Extinct In 10 Years&#8217; If They &#8216;Don&#8217;t Watch What&#8217;s Coming,&#8217; Touting Blockchain As &#8216;Better&#8217; Alternative</a>
Talking about Proto, Dorsey stated that the company focused on reliability and flexibility and that they have been in close communication with customers to understand their needs.
&#8220;We have very close relationships with our vendors and our manufacturers, and building in the United States. So these are all things that add up to a pretty compelling product,&#8221; Dorsey added.
Why It Matters: Block has been striving to expand its Bitcoin mining business. It launched the Proto mining suite that consists of ASIC chips, mining rigs, and developer tools, with a special focus on supporting smaller players and home mining.
Dorsey previously voiced optimism in the suite&#8217;s potential to <a href="https://www.benzinga.com/25/02/43873297/jack-dorseys-block-is-really-excited-about-this-bitcoin-mining-initiative-that-aims-to-challenge-the-dominance-of-foreign-firms">challenge foreign dominance </a>in the Bitcoin mining industry
The&nbsp;focus on domestic manufacturing comes at a time when U.S. miners are bracing for potential business disruptions due to escalating trade tariffs with China, home to the world&#8217;s largest Bitcoin hardware makers. According to analysts, American miners were <a href="https://www.hashlabs.io/blog/how-trump-s-tariffs-will-affect-bitcoin-mining" target="_blank" rel="noreferrer noopener">looking</a>&nbsp;at a 22–36% increase in the cost of mining machines.
Block reported <a href="https://www.benzinga.com/news/earnings/25/05/45152696/block-shares-drop-after-worse-than-expected-q1-results-details">worse-than-expected</a> first-quarter results after Thursday&#8217;s market close, with earnings and revenue missing analysts&#8217; estimates.
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $97,151.14, up 2.47% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Shares of Block bled 18.4% in after-hours trading after closing 0.02% higher at $58.48 during Thursday&#8217;s regular session.
The stock exhibited a very high growth score—a measure of the stock&#8217;s combined historical expansion in earnings and revenue across multiple periods. If you&#8217;re scouting for similar high-growth stocks for your portfolio, visit&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Benzinga Edge Stock Rankings</a>.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="505" height="186" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/02002000/Screenshot-2025-05-02-094940.png" alt="" class="wp-image-898258" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/02002000/Screenshot-2025-05-02-094940.png 505w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/02002000/Screenshot-2025-05-02-094940-300x110.png 300w" sizes="(max-width: 505px) 100vw, 505px" /></figure>
Photo Courtesy: Frederic Legrand &#8211; COMEO on Shutterstock.com
Read Next: 
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<li><a href="https://benzinga.com/markets/cryptocurrency/25/04/45115005/bitcoin-ethereum-xrp-dogecoin-slide-into-red-as-q1-gdp-slides-into-contraction" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, XRP, Dogecoin Slide Into Red As Q1 GDP Slides Into Contraction</a></li>
</ul>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

Core Scientific, Inc. - Class A Common Stock

CORZ

Jack Dorsey Upbeat On Block's Bitcoin Mining Chip Delivery In H2 2025, Sees 'Huge Opportunity' As China Tariffs Disruption Looms

Macro Economic Events

Econ #s

Economics

Reported Earlier, Australia Retail Sales (MoM) For March 0.3% Vs. 0.4% Est.; 0.8% (Revised) Prior

Reported Earlier, Australia Producer Price Index (QoQ) For Q1 0.9% Vs. 0.8% Est.; 0.8% Prior

WESCO International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCC#NYSE">WCC</a>) shares fell on Thursday after the company reported <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/n45128241/wesco-international-reports-first-quarter-2025-results" rel="noreferrer noopener">first-quarter results</a>.
The company reported adjusted earnings per share of $2.21, missing the analyst consensus estimate of $2.32. Quarterly sales of $5.34 billion outpaced the street view of $5.26 billion.
In the first quarter, reported net sales declined 0.1% year over year, while organic sales rose 5.6% after adjusting for M&amp;A, currency effects, and one fewer workday. Data center sales surged 70% during the quarter.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/04/45115660/3-stocks-to-turn-tariffs-into-opportunities" rel="noreferrer noopener">3 Stocks To Turn Tariffs Into Opportunities</a>
Gross margin was 21.1% in the first quarter, down 10 basis points sequentially and 20 basis points year over year. The decrease in gross margin primarily reflects a decrease in CSS and EES gross margins.
&#8220;Our increased inventory will help manage the potential supply chain impact of global tariffs on our customers,&#8221; said&nbsp;John Engel, Chairman, President, and CEO.
Operating cash flow totaled $28 million for the quarter. The company exited the quarter with cash and equivalents worth $681.6 million, with inventories worth $3.740 billion.
Adjusted EBITDA fell 8.7% year over year to $310.7 million, compared with $340.4 million a year ago.
At the end of December 2024, the company&#8217;s long-term debt (net) increased to $5.136 billion from $5.045 billion.
&#8220;We also issued&nbsp;$800 million&nbsp;of notes to redeem our preferred stock in June. This will strengthen our balance sheet and improve both our cash flow and earnings per share run-rates,&#8221; Engel added.&nbsp;
Outlook: Wesco <a target="_blank" href="https://investors.wesco.com/news-releases/news-release-details/wesco-international-reports-fourth-quarter-and-full-year-2024" rel="noreferrer noopener">reaffirmed </a>its 2025 outlook, projecting 2.5% to 6.5% organic sales growth and $600 million to $800 million in free cash flow.
Price Action: WCC shares closed lower by 6.71% to $152.03 on Thursday.
Read Next:
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</ul>
Photo via Shutterstock

Earnings

Equities

Guidance

Movers

General

Why Did WESCO International Stock Fall On Thursday?

Reported Earlier, Australia Producer Price Index (YoY) For Q1 3.7% Vs. 3.7% Prior

Cardinal Health Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAH#NYSE">CAH</a>) on Thursday&nbsp;reported third-quarter 2025 adjusted EPS of $2.35, up 13% year over year, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus of $2.17</a>.
Sales remained flat at $54.9 billion, missing the consensus of $55.35 billion. Adjusted operating earnings increased 21% to&nbsp;$807 million.
Third-quarter sales for the Pharmaceutical and Specialty Solutions segment remained <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/n45129354/cardinal-health-reports-third-quarter-fiscal-year-2025-results-and-raises-fiscal-year-2025-outlook" rel="noreferrer noopener">unchanged at $50.6 billion</a>.
<ul>
<li>Third-quarter revenue increased by 20%, excluding the impact of the customer contract expiration, driven by brand and specialty pharmaceutical sales growth from existing and new customers.</li>
<li>Segment profit increased 14% to&nbsp;$662 million&nbsp;in the third quarter, driven by contributions from brand and specialty products, MSO platforms (including GI Alliance), BioPharma Solutions (including Specialty Networks), and positive generics program performance, partially offset by the customer contract expiration.</li>
</ul>
Also Read: <a target="_blank" href="https://www.benzinga.com/general/health-care/25/05/45140567/cvs-health-partners-with-wegovy-maker-novo-nordisk-hikes-2025-guidance" rel="noreferrer noopener">CVS Health Partners With Wegovy Maker Novo Nordisk, Hikes 2025 Guidance</a>
Revenue for the Global Medical Products and Distribution segment increased 2% to&nbsp;$3.2 billion, driven by volume growth from existing customers.
<ul>
<li>Segment profit increased 77% to&nbsp;$39 million&nbsp;in the third quarter, driven by the beneficial net impact of cost optimization initiatives.</li>
<li>GMPD segment manufactures, sources, and distributes Cardinal Health brand medical, surgical, and laboratory products, as well as distributes medical, surgical and laboratory products known as national brand products</li>
</ul>
Outlook:&nbsp;Cardinal Health raises fiscal year 2025 adjusted EPS from $7.85-$8.00 to $8.05-$8.15 compared to consensus of $7.96.
<ul>
<li>Increased outlook for Pharmaceutical and Specialty Solutions segment profit to 11.5% to 12.5% growth, from 10% to 12% growth previously.</li>
<li>Narrowed outlook for GMPD segment profit to&nbsp;$130 million&nbsp;to&nbsp;$140 million, from&nbsp;$130 million&nbsp;to&nbsp;$150 million&nbsp;previously.</li>
</ul>
Despite the evolving macro environment conditions, Cardinal Health anticipates double-digit non-GAAP EPS growth in fiscal 2026.
<ul>
<li>The company expects strong segment profit growth in Pharmaceutical and Specialty Solutions.</li>
<li>In the face of the macro uncertainty, the company is updating its expectations for fiscal 2026 GMPD segment profit, which it now expects to be at least consistent with fiscal 2025 segment profit.</li>
<li>The company will continue to assess opportunities and risks and plan to discuss its fiscal 2026 and beyond expectations at its upcoming Investor Day on&nbsp;June 12.</li>
</ul>
Price Action:&nbsp;CAH stock is trading 2.30% higher at $144.53 at the last check Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/general/health-care/25/05/45140102/potential-tariff-bites-into-becton-dickinson-2025-profit-outlook-company-will-invest-2-5-billion-to-boost-us-manufacturing" target="_blank" rel="noreferrer noopener">Potential Tariff Bites Into Becton Dickinson 2025 Profit Outlook, Company Will Invest $2.5 Billion To Boost US Manufacturing</a></li>
</ul>
Photo by deemerwha studio via Shutterstock

Large Cap

Health Care

Cardinal Health Lifts FY25 EPS Outlook, Sees Growth Despite Tariff Risks

Parker-Hannifin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PH#NYSE">PH</a>) reported mixed third-quarter&nbsp;results <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/g45131034/parker-reports-fiscal-2025-third-quarter-results" rel="noreferrer noopener">and&nbsp;revised its 2025&nbsp;outlook</a> on Thursday.
The company's sales of&nbsp;$4.96 billion&nbsp;and&nbsp;1%&nbsp;organic growth were slightly below the consensus of&nbsp;$4.99 billion.
Adjusted EPS for the quarter was&nbsp;$6.94,&nbsp;<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beating the consensus of&nbsp;$6.72.</a>
Orders were up 9%&nbsp;year-over-year (Y/Y), with Diversified Industrial North American businesses up&nbsp;3%&nbsp;Y/Y and Diversified Industrial International businesses up&nbsp;11% Y/Y. Orders in the Aerospace Systems segment increased by 14%&nbsp;Y/Y in the quarter.
Segment Sales: Diversified Industrial North America&nbsp;$2.031 billion&nbsp;(-9.0%&nbsp;Y/Y), Diversified Industrial International&nbsp;$1.358 billion&nbsp;(-5.3%&nbsp;Y/Y), and Aerospace Systems&nbsp;$1.572 billion&nbsp;(+11.6%&nbsp;Y/Y).
The total adjusted segment operating margin for the quarter was&nbsp;26.3%, up 160&nbsp;bps Y/Y.
"The resiliency of our portfolio coupled with the power of our business system, The Win Strategy, has enabled us to consistently deliver strong results through business cycles. With our decentralized structure and the agility of our global teams, we are confident in our ability to manage through macroeconomic uncertainty, including tariffs. We are fully committed to achieving our fiscal year 2029 financial targets.", commented&nbsp;Jenny Parmentier, Chairman and Chief Executive Officer.
Parker-Hannifin's year-to-date cash flow from operations stood at&nbsp;$2.31 billion. It held&nbsp;$408.7 million&nbsp;in cash and equivalents as of quarter-end.
2025&nbsp;Outlook&nbsp;updated: Parker now expects sales growth of (1%), with organic&nbsp;sales growth of&nbsp;1%&nbsp;and<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> unfavorable currency of (0.5%)</a>.
The company narrows its adjusted EPS&nbsp;guidance&nbsp;to&nbsp;$26.60-$26.80&nbsp;(prior&nbsp;$26.40&nbsp;to&nbsp;$27.00), compared to the&nbsp;$26.73&nbsp;consensus.
Parker expects a total segment operating margin of approximately&nbsp;22.7%, or approximately&nbsp;25.9%, on an adjusted basis.
Dividend: On April 24, the Board of Directors declared a quarterly cash dividend of $1.80 per share for shareholders of record on May 9, 2025, <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/g44997194/parker-increases-quarterly-cash-dividend-10-to-1-80-per-share" rel="noreferrer noopener">payable on June 6, 2025</a>.
This dividend represents a 10% increase over the previous quarterly dividend of $1.63 per share.
Investors can gain exposure to the stock via&nbsp;Tema ETF Trust Tema American Reshoring ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSHO#NYSE">RSHO</a>) and ETF Opportunities Trust Brendan Wood TopGun Index ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BWTG#BATS">BWTG</a>).
Price Action: Parker-Hannifin shares are closed at $610.12 on Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/45114069" target="_blank" rel="noreferrer noopener">Illinois Tool Works Faces Q1 Revenue Dip And Lower EPS, Maintains 2025 Guidance Amid Uncertainty</a></li>
</ul>
Photo Courtesy: Ani_Raw_Shots on Shutterstock

BWTG

Tema ETF Trust Tema American Reshoring ETF

RSHO

Parker-Hannifin Trims Outlook, But CEO Says Firm Ready To Handle Tariff Uncertainty

Wedbush Securities analyst Dan Ives raised his price target on Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) by 8% from $250 to $270, citing &#8220;incremental confidence&#8221; in the company&#8217;s India supply chain strategy amid ongoing tariff concerns.
What Happened: &#8220;This has been a core Street fear over the last month,&#8221; Ives wrote Thursday on X, noting that Apple&#8217;s manufacturing shift could &#8220;take the worst case scenario off the table for iPhone tariffs.&#8221; He also highlighted &#8220;improving&#8221; demand in China, a crucial market for the tech giant.
During Apple&#8217;s fiscal second-quarter earnings call Thursday, CEO Tim Cook revealed the company <a href="https://www.benzinga.com/tech/25/05/45156890/apple-ceo-tim-cook-warns-of-900-million-tariff-impact-in-june-quarter-expects-majority-of-iphones-sold-in-us-to-be-made-in-india">expects a $900 million cost impact</a> in the June quarter due to existing tariffs. Cook emphasized Apple&#8217;s strategic pivot to diversify manufacturing bases.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Raising price target on Apple to $270 reflecting incremental confidence in the India supply chain situation that could now take the worst case scenario off the table for iPhone tariffs&#8230;and this has been a core Street fear over the last month. China demand improving..key &#x1f34e;&#x1f34f;&#x1f402;
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1918125666735673524?ref_src=twsrc%5Etfw">May 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
&#8220;For the June quarter, we expect the majority of iPhones sold in the U.S. will have India as their country of origin,&#8221; Cook said. He added that Vietnam will now produce nearly all iPads, Macs, Apple Watches, and AirPods sold in the U.S.
See Also: <a href="https://www.benzinga.com/25/05/45157129/bitcoin-ethereum-dogecoin-spike-alongside-stocks-trader-peter-brandt-projects-a-btc-bull-market-top-in-the-125000-150000-range">Bitcoin, Ethereum, Dogecoin Spike Alongside Stocks: Trader Peter Brandt Says BTC On Target To Reach Bull Market Top Of $125,000-$150,000</a>
Why It Matters: The manufacturing shift comes as Apple navigates potential tariff increases on Chinese imports. Cook explained that Apple&#8217;s current tariff exposure primarily relates to the <a href="https://www.benzinga.com/news/earnings/25/05/45152493/apple-reports-strong-q2-earnings-revenue-beat-eps-beat-installed-base-hits-all-time-high-across-all-segments-100-billion-buyback-and-more">February IEEPA-related tariff at 20%</a>, affecting U.S. imports of Chinese-origin products.
Apple <a href="https://www.benzinga.com/news/earnings/25/05/45152493/apple-reports-strong-q2-earnings-revenue-beat-eps-beat-installed-base-hits-all-time-high-across-all-segments-100-billion-buyback-and-more">reported better-than-expected</a> fiscal second-quarter results with revenue of $95.36 billion, exceeding analyst expectations of $94.53 billion. For the upcoming quarter, the company projects low-to-mid-single-digit revenue growth with a gross margin between 45.5% and 46.5%.
Previous analysis from Ives had warned that <a href="https://www.benzinga.com/markets/equities/25/04/44728758/trumps-tariffs-could-push-apple-iphone-prices-to-a-staggering-3500-says-top-analyst">iPhones manufactured in the U.S.</a> could cost as much as $3,500 if significant tariffs were implemented on Chinese imports.
Price Action: Apple Inc.&#8217;s stock closed at $213.32 on Thursday, up 0.39% for the day. In after-hours trading, the stock declined by 3.78% to $205.25. Year to date, Apple shares are down 12.52%.
Apple stock performs well on quality metrics but ranks poorly on valuation, according to Benzinga Edge Stock Rankings. Additionally, the stock shows a negative price trend from the short to the long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Sign up to learn more</a>.
Photo Courtesy: hanohiki via Shutterstock.com
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<li><a href="https://www.benzinga.com/general/entertainment/25/05/45151230/amazon-q1-earnings-double-beat-q2-guidance-ceo-focuses-on-making-customers-lives-easier-and-better">Amazon Q1 Earnings: Double Beat, Q2 Guidance, CEO Focuses On Making &#8216;Customers&#8217; Lives Easier And Better&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AAPL

Dan Ives Raises Apple Price Target To $270, Says 'Worst Case Scenario' Off The Table For iPhone Tariffs As Tim Cook Reveals Made In India Move

Church &amp; Dwight Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHD#NYSE">CHD</a>) shares fell on Thursday after the company reported first-quarter FY25 earnings.
The company&#8217;s <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/b45129547/church-dwight-reports-first-quarter-2025-results" rel="noreferrer noopener">first-quarter revenue</a> declined 2.4% year-on-year to $1.47 billion, missing the analyst consensus estimate of $1.51 billion. Organic sales decreased 1.2% due to a 1.4% lower volume.
The household and specialty products maker reported adjusted earnings per share of 91 cents, which beat the <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">consensus of 90 cents</a>.
Net sales from Consumer Domestic decreased by 3%, Consumer International grew by 2.7%, and Specialty Products declined by 9.3%.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/downgrades/25/04/45117074/starbucks-faces-brand-margin-headwinds-as-analysts-react-to-disappointing-q2" rel="noreferrer noopener">Starbucks Faces Brand, Margin Headwinds As Analysts React To Disappointing Q2</a>
Gross profit decreased 3.9% to $659.6 million, with the gross margin contracting 70 basis points YoY to 45%. Adjusted EPS of $0.91 <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beat the consensus </a>estimate of $0.90.
Operating income for the quarter fell 3.2% to $295.3, with an operating margin of 20.1%.
The company held $964.1 million in cash and equivalents as of December-end. Operating cash flow for the quarter totaled $185.7 million.
While the tariff situation remains fluid, the company is currently projecting a 12-month run-rate gross tariff exposure of approximately $190 million.
Outlook: Church &amp; Dwight lowered the FY25 adjusted EPS outlook from $3.68 &#8211; $3.72 to $3.44 &#8211; $3.51 compared to an estimate of $3.69. The company also cut the FY25 organic sales growth guidance from 3% &#8211; 4% to flat &#8211; 2%.
For the second quarter, Church &amp; Dwight anticipates organic growth of (-2)% to flat and adjusted EPS of $0.85.
Price Action: CHD shares traded lower by 6.62% at $92.76 at last check Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/news/earnings/25/05/45150325/gm-cut-its-2025-forecast-on-tariffs-but-core-business-holds-up-says-goldman-sachs" target="_blank" rel="noreferrer noopener">GM Cut Its 2025 Forecast On Tariffs But Core Business Holds Up, Says Goldman Sachs</a></li>
</ul>
Image Via Shutterstock

Why Consumer Goods Maker Church & Dwight Stock Fell On Thursday?

Strategy&nbsp;Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) executive chairman Michael Saylor expressed optimism about the growing adoption of the Bitcoin standard among businesses on Thursday.
What Happened: During the company&#8217;s first-quarter earnings call, Saylor described the growing trend of companies buying Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) for their treasury as a &#8220;virtuous cycle&#8221; and a &#8220;mutually beneficial competition.&#8221;
Saylor was asked about his views on other corporations aping Strategy&#8217;s playbook and how the firm aimed to retain its pioneering status in this area.
&#8220;The more companies that adopt the Bitcoin standard, the more legitimizing it is,&#8221; Saylor said. &#8220;As more companies adopt the Bitcoin standard, they're out there educating equity investors, and that brings more equity capital to the market.
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/04/45111384/shiba-inu-burn-rate-skyrockets-2094-what-is-going-on" target="_blank" rel="noreferrer noopener">Shiba Inu Burn Rate Skyrockets 2,094%: What Is Going On?</a>
The Bitcoin bull stressed that the entry of more companies will make investors more comfortable investing in the space.
&#8220;So I think the more companies that join, the better it is for Bitcoin,&#8221; Saylor noted. He anticipated that this would hasten&nbsp;the transition to the Bitcoin&nbsp;standard, pressuring companies that have not yet adopted to do so over time.
Why It Matters: Strategy has outpaced the rest of the market in Bitcoin adoption, actively issuing convertible debt and other fixed-income products to add the top cryptocurrency to its reserves. As of this writing, 
Following in its footsteps, big <a href="https://www.benzinga.com/content/44558002/bitcoin-miner-mara-looks-to-sell-2-billion-in-stocks-to-grow-btc-stash-buy-more-servers">Bitcoin miners</a> like Mara Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) and Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) began hoarding Bitcoin, employing similar stock offerings. According to&nbsp;<a href="https://bitcointreasuries.net/" target="_blank" rel="noreferrer noopener">BitcoinTreasuries.com</a>, MicroStrategy was the largest Bitcoin corporate holder, with a stash worth more than $53.72 billion, followed by MARA and Riot.
Strategy reported <a href="https://www.benzinga.com/news/guidance/25/05/45152230/strategy-q1-earnings-bitcoin-treasury-company-raises-its-btc-yield-and-btc-gain-targets-for-2025">financial results</a> for the first quarter on Thursday after the bell, with revenue missing analyst estimates and an adjusted loss of $16.53 per share. 
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $96,982.25, up 2.29% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.&nbsp;
Shares of Strategy were down 0.81% in after-hours trading after closing 0.39% higher at $381.60 during Thursday&#8217;s regular session.&nbsp;
MSTR demonstrated a very high momentum score—a measure of the stock&#8217;s relative strength based on its price movement patterns and volatility over multiple timeframes—as of this writing. To find out how other Bitcoin-hoarding companies stack up,&nbsp;visit&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Benzinga Edge Stock Rankings</a>.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="497" height="184" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/01230758/Screenshot-2025-05-02-083739.png" alt="" class="wp-image-898212" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/01230758/Screenshot-2025-05-02-083739.png 497w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/01230758/Screenshot-2025-05-02-083739-300x111.png 300w" sizes="(max-width: 497px) 100vw, 497px" /></figure>
Shutterstock: Yalcin Sonat
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</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

MARA

MSTR

RIOT

Michael Saylor Considers Competition Copying Strategy's Bitcoin Playbook Mutually Beneficial: 'The More Companies That Join, The Better It Is'

Social media platform,&nbsp;Reddit Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) is seeing strong commercial intent across its iconic comment threads, and it&#8217;s now turning that engagement into ad revenue as part of a broader monetization push.
What Happened: During the company&#8217;s <a href="https://benzinga.com/general/social-media/25/05/45151798/reddit-stock-soars-after-better-than-expected-q1-daily-active-uniques-up-31-ad-revenue-up-61-and-more">first quarter earnings</a> call on Thursday, COO Jen Wong addressed the new ad placements inside the platform&#8217;s comments section, which is known for its high levels of engagement and activity. This comes in addition to the ads that were already in place below the post and above the comments.
Wong notes that 40% of conversations on Reddit are commercial in nature, with users actively discussing products and services. Given the high engagement, she said, many users are on their &#8220;purchase decision journey,&#8221; making the platform's comments section ripe for ad placements.
&#8220;I think almost no [other] platform has ads in their comments,&#8221; Wong said, adding that this level of engagement is a uniquely Reddit trait. 
See More: <a href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45155666/robinhood-stock-falls-after-analysts-cite-weak-crypto-volumes-and-market-headwinds-in-q2-outlook">Robinhood Stock Falls After Analysts Cite Weak Crypto Volumes And Market Headwinds In Q2 Outlook</a>
Wong explains that there are two ways that people end up in Reddit&#8217;s famed comments section: either by clicking on search results for a very specific query, looking for answers in the comments, or by engaging with a post on their feed, because it looked interesting. Either way, she says, &#8220;the intent in the space is very high.&#8221; 
Reddit is encouraged by early results, with Wong noting earlier in the call that ads within comment sections already accounted for 6% of total ad impressions during the quarter.
Why It Matters: Analysts had predicted <a href="https://benzinga.com/markets/25/03/44209873/heres-why-reddits-ad-revenue-growth-is-outpacing-other-social-media-giants">Reddit&#8217;s ad revenue</a> growth to outpace that of peers in 2025, citing its growing appeal to advertisers and the community-driven nature of the platform.
Analysts also attribute the company&#8217;s growing ad business to the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38703190/reddits-enhanced-advertising-tools-drive-sizable-upside-jpmorgan">significant enhancements</a> it has made to its advertising tools over the past year.
The company is now focused on <a href="https://www.benzinga.com/general/social-media/24/11/42221015/reddit-targets-india-brazil-to-boost-global-user-growth-revenue">accelerating its global expansion</a>, turning towards countries such as Brazil and India for user growth, as well as advertising opportunities.
The strong advertising performance is aiding Reddit&#8217;s bottom line, with the company reporting $0.13 earnings per share, from $392 million in revenue, up 61% YoY.
Price Action: The stock was up 1.96% during the regular session on Thursday, and is up 6.49% in after-hours trading, following the announcement of its first quarter results.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="136" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/01223533/Screenshot-2025-05-02-at-8.05.14-AM-1024x136.png" alt="" class="wp-image-898190" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/01223533/Screenshot-2025-05-02-at-8.05.14-AM-1024x136.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/01223533/Screenshot-2025-05-02-at-8.05.14-AM-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/01223533/Screenshot-2025-05-02-at-8.05.14-AM-768x102.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/01223533/Screenshot-2025-05-02-at-8.05.14-AM-1536x204.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/01223533/Screenshot-2025-05-02-at-8.05.14-AM.png 1598w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
According to Benzinga Edge Stock Rankings, the stock scores well on momentum but does poorly on growth and value. The price trend is favorable in the long run, but is weak in the short and medium terms. For more such insights, sign up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge</a>.
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On Thursday, Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang told U.S. lawmakers that <a href="https://www.benzinga.com/25/04/45090935/trump-administration-targets-biden-era-ai-chip-curbs-could-scrap-country-tiers-and-tighten-access-to-nvidias-h100-chips-report">export restrictions on AI chips</a> may be helping China's Huawei Technologies gain a competitive foothold in the global artificial intelligence race.
What Happened: In a closed-door meeting with the House Foreign Affairs Committee, Huang and other Nvidia executives raised concerns that U.S. efforts to limit China&#8217;s access to cutting-edge chips may be <a href="https://www.benzinga.com/25/04/45092827/nvidia-to-face-significant-market-loss-in-china-amid-huaweis-ai-chip-development-says-analyst-its-pretty-much-game-over-for-nvidia-in-china">having unintended consequences</a>, reported Reuters, citing a senior Congressional committee staff source.
"If DeepSeek R1 had been trained on [Huawei chips] or a future open-source Chinese model had been trained to be highly optimized to Huawei chips, that would risk creating a global market demand for Huawei chips," a source told the publication.
See Also:&nbsp;<a href="https://www.benzinga.com/25/04/44897214/nvidia-discusses-ai-powering-future-with-japan-amid-rising-energy-demands" target="_blank" rel="noreferrer noopener">Nvidia's Jensen Huang Meets Japanese PM To Discuss AI's Growing Energy Needs</a>
In a statement, Nvidia spokesperson John Rizzo confirmed Huang's meeting with lawmakers, saying he discussed "the strategic importance of AI as national infrastructure and the need to invest in U.S. manufacturing," the report noted.&nbsp;
Rizzo added that Huang "reaffirmed Nvidia&#8217;s full support for the government's efforts to promote American technology and interests around the world."
Why It Matters: On the same day, Nvidia also criticized Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)-backed Anthropic for its allegations related to AI chip export restrictions, urging American firms to focus on innovation instead of making exaggerated allegations, <a href="https://www.cnbc.com/2025/05/01/nvidia-and-anthropic-clash-over-us-ai-chip-restrictions-on-china.html">reported</a> CNBC.
Last month, the U.S. government <a href="https://www.benzinga.com/government/regulations/25/04/44971572/nvidia-chip-ban-wont-stop-chinas-ai-momentum-say-analysts-blocking-h20-would-hand-market-to-huawei-amid-trump-era-export-crackdown">barred Nvidia from selling</a> its H20 chip, designed specifically for the Chinese market, after initial shipments began.
Nvidia expects to take a <a href="https://www.benzinga.com/25/04/44830406/nvidia-to-take-55-billion-hit-over-china-chip-export-restrictions-but-top-analyst-dan-ives-says-hes-not-overly-concerned-all-part-of-the-high-game-of-poker">$5.5 billion hit in the first quarter</a> ending April 27, tied to inventory and purchase commitments for its H20 chip.
Huawei has <a href="https://www.benzinga.com/25/02/43945751/huawei-boosts-ai-chip-production-despite-taiwan-semi-and-asml-ban-aims-to-challenge-nvidia-in-china?utm_source=chatgpt.com">begun to fill the vacuum</a> left by Nvidia's constrained presence. Last month, it was reported that the Chinese tech giant was preparing mass shipments of its own AI chips as demand for alternatives surged in China.
Price Action: Nvidia shares have declined 19.30% year-to-date but remain up 34.41% over the past 12 months. On Thursday, the stock rose 2.47% to close at $111.61, <a href="https://pro.benzinga.com/dashboard">according to Benzinga Pro</a>.
Benzinga Edge Stock Rankings gives Nvidia a strong growth score of 94.78%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it stacks up against other top tech companies</a>.
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Photo Courtesy: glen photo via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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