Credo Technology Group Stock (NASDAQ: CRDO)

Credo Technology Group (NASDAQ:CRDO) Stock

Credo Technology Group

Credo Technology Group Holding Ltd delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. It has a geographic presence in Hong Kong, the United States, Mainland China, Taiwan, and the Rest of the World.

Credo Technology Group Holding Ltd - Ordinary Shares

Credo Technology Group Holding Ltd

Cerrado Gold Inc

WIIM

PRME

Prime Medicine shares are trading lower after HC Wainwright & Co. and JP Morgan both downgraded the stock to a Neutral rating, and JMP Securities cut its price target on the stock from $10 to $6.

News

Analyst Ratings

Trading Ideas

EBAY

Live On CNBC, Josh Brown Hosts Segment Titled "Josh: eBay Breakout Is Here"

PSTV

Plus Therapeutics shares are trading lower after the company announced it received a Nasdaq non-compliance letter.

CIBC analyst Paul Holden maintains Toronto-Dominion Bank (TSX:<a class="ticker" href="https://www.benzinga.com/stock/TD#TSX">TD</a>) with a Outperformer and lowers the price target from C$95 to C$94.

Price Target

TSX:TD

CIBC Maintains Outperformer on Toronto-Dominion Bank, Lowers Price Target to C$94

Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has staged one of the most impressive rebounds in recent market history, regaining over $1 trillion in market value in just weeks following a steep drop<a href="https://www.benzinga.com/markets/equities/25/04/45011371/apple-google-and-tesla-help-sentiment-as-tech-stocks-approach-pre-liberation-day-close"> in early 2025. </a>
As of Monday&#8217;s close, the chipmaker&#8217;s market capitalization was $3.3 trillion, compared with an 10-month low of $2.3 trillion reached in early April. The spectacular rebound suggests Wall Street is no longer fretting over factors seen as risks to Nvidia&#8217;s business earlier this year ― including the Chinese AI startup DeepSeek, whose low-cost model fueled fears that demand for high-performance chips may have been overestimated.
Here's a breakdown of what happened and why the stock surged back.
The Drop: The January 2025 announcement by DeepSeek of a cost-effective AI model that matched the performance of Western models at a fraction of the cost contributed to a sharp decline in Nvidia's stock price. 
Read Next: <a href="https://www.benzinga.com/news/large-cap/25/05/45499101/big-short-legend-michael-burry-bets-big-on-lipstick-index-is-he-bracing-for-a-recession?utm_source=article">&#8216;Big Short&#8217; Legend Michael Burry Bets Big On Lipstick Index: Is He Bracing For A Recession?</a>
DeepSeek raised concerns that Nvidia's dominant position in the AI chip market could be threatened, especially as the model was developed using the U.S. chipmaker&#8217;s GPUs but optimized for efficiency which could reduce future demand for company&#8217;s high-end chips.
Furthermore, successive rounds of U.S. export controls severely limited Nvidia's ability to sell its most advanced AI chips to China. As a result, Nvidia's sales in the world&#8217;s No. 2 economy dropped to about half of previous levels, further weighing on revenue and investor sentiment. 
President Donald Trump's tariff announcements on April 2 added even more pressure on Nvidia's stock.&nbsp; eventually leading to its year-to-date closing low of $94.31 per share and a market cap of approximately $2.3 trillion on April 4.&nbsp;
This marked the bottom and the stock began a strong rebound in the weeks that followed.&nbsp;
The Resurgence: Nvidia remains the undisputed leader in data center GPUs, holding roughly a 90% market share, and the stock began to rebound once the Big Tech first-quarter earnings reports started rolling in.&nbsp;
Companies like Amazon and Microsoft reaffirmed their commitment to large artificial-intelligence infrastructure <a href="https://www.benzinga.com/25/04/44977884/goldman-trims-microsoft-price-target-to-450-but-sticks-with-bullish-gen-ai-growth-thesis">investments</a> and fears of an AI spending slowdown eased. 
Investor sentiment improved further after the U.S. and China agreed to a 90-day pause on the steepest tariffs and trade war concerns began to ease.&nbsp;
Read Next: <a href="https://www.benzinga.com/25/05/45378427/trump-wants-to-kickstart-nuclear-development-these-5-stocks-could-boom?utm_source=articleShare">Trump Wants To Kickstart Nuclear Development: These 5 Stocks Could Boom</a>&nbsp;
Last week marked another catalyst for the stock after Nvidia announced that it had partnered with several leading Saudi Arabian organizations, including Humain, to collaborate on AI initiatives. 
Humain, a subsidiary of Saudi Arabia&#8217;s Public Investment Fund dedicated to artificial intelligence, plans to construct AI factories across the Middle East nation powered by several hundred thousand of Nvidia&#8217;s most advanced GPUs. 
Bank of America Securities analyst Vivek Arya<a href="https://www.benzinga.com/news/large-cap/25/05/45414265/nvidia-climbs-on-saudi-ai-investments-analyst-estimates-15-billion-to-20-billion-in-revenue"> estimated the size</a> of the Humain deals to be between $2 billion to $3 billion annually, likely starting in 2025, with a total of between $15 billion and $20 billion over a multi-year period.&nbsp;
NVDA Price Action: Nvidia's stock has climbed more than 30% over the past month and closed at $135.57 with a market cap of $3.31 trillion on Monday, marking a $1 trillion resurgence from its early-April lows.&nbsp;
Nvidia shares were down 1.53% at $133.50 at the time of publication Tuesday, according to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>.&nbsp;&nbsp;
Read Also:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/government/regulations/25/05/45506863/trumps-big-beautiful-bill-advances-heres-who-wins-and-loses?utm_source=articleShare">Trump&#8217;s &#8216;Big Beautiful Bill&#8217; Advances: Here&#8217;s Who Wins And Loses&nbsp;</a></li>
</ul>
Image: Shutterstock

Equities

Large Cap

Movers

Tech

NVDA

Nvidia's $1 Trillion Comeback Shows DeepSeek No Longer Spooks Wall Street

EDBL

Edible Garden shares are trading higher after the company announced it has launched the initial phase of its Kick. Sports Nutrition product line on Amazon.

CIBC analyst Chris Thompson maintains North American Const Gr (TSX:<a class="ticker" href="https://www.benzinga.com/stock/NOA#TSX">NOA</a>) with a Outperformer and lowers the price target from C$37 to C$36.

TSX:NOA

CIBC Maintains Outperformer on North American Const Gr, Lowers Price Target to C$36

Mizuho Financial Group shares are trading higher after the company announced it will partner with U.S. pensions consultant Mercer to offer asset management services for corporate pension funds and other institutional clients.

<h2 class="wp-block-heading">Zinger Points:</h2>
<ul class="wp-block-list">
<li>TikTok is developing photo messaging despite internal warnings about potential sextortion risks, according to leaked documents.</li>
<li>ByteDance&#8217;s planned IPO faces new hurdles as U.S. lawmakers escalate scrutiny over teen safety.</li>
<li>The feature challenges Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) but lacks its robust safety measures, internal sources suggest.</li>
</ul>
TikTok is reportedly developing a new feature that would allow users aged 16 and above in the U.S. to share photos privately via direct messages. While still in testing, the feature has sparked internal concerns over safety risks, particularly the potential for abuse in the form of sextortion — a growing threat on social platforms targeting minors.
According to <a href="https://www.theinformation.com/articles/tiktok-working-photo-messaging-feature-despite-employee-concerns-sextortion">The Information</a>, some TikTok employees have raised concerns that introducing disappearing photos in direct messages could increase the risk of sextortion and other forms of abuse. Internal discussions cited by the report highlight doubts over the platform's readiness to manage potential misuse, especially given that the feature may lack safeguards already implemented by rivals, such as nudity detection and stricter age verification.
Don't Miss:
<ul class="wp-block-list">
<li>Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">Invest before it's too late.</a></li>
<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest today for just $0.30/share with a $1000 minimum.</a></li>
</ul>
<h2 class="wp-block-heading">Rising Threat of Sextortion on Social Media</h2>
The timing is particularly sensitive. Sextortion Scams, where minors are coerced into sharing explicit content and then blackmailed, are on the rise globally. <a href="https://www.theguardian.com/us-news/2025/may/11/sextortion-nigeria-bm-boys-tiktok">The Guardian</a> reported that organized groups like Nigeria's so-called "BM Boys" use platforms such as TikTok and Instagram to target teenage boys, often resulting in devastating outcomes such as suicide.
U.S. law enforcement and child advocacy groups have raised similar alarms. The National Center for Missing and Exploited Children <a href="https://www.missingkids.org/theissues/sextortion">has tracked</a> a more than 300% spike in sextortion reports since 2021, mostly involving boys aged 14 to 17, emphasizing the importance of robust safety measures on social media platforms.
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — <a href="https://www.benzinga.com/money/boxabl-scaling-fast-from-spacex-orders-to-600-homes-built-this-60k-foldable-home-may-be-the-future-of-housing">this is your last chance to become an investor for $0.80 per share.</a>
<h2 class="wp-block-heading">How Rivals Are Responding</h2>
Other tech giants have responded to rising concerns with a wave of new safety tools:
<ul class="wp-block-list">
<li>Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) said it has <a href="https://about.fb.com/news/2024/10/instagram-campaign-protect-teens-sextortion-scams/">introduced</a> features that blur nudity in direct messages sent to teens and restricts unsolicited adult contact on Instagram.</li>
<li>Snap said it has<a href="https://values.snap.com/news/new-features-to-help-protect-our-community"> introduced</a> new safety tools designed to detect and prevent sextortion attempts, including enhanced friend request protections, in-app alerts for suspicious activity, and expanded parental controls.</li>
<li>Discord, often criticized for lax moderation, <a href="https://discord.com/safety/how-discord-leverages-machine-learning-to-fight-csam">is rolling out</a> machine learning models to detect and intercept potentially exploitative material shared through its messaging systems.</li>
</ul>
TikTok has yet to announce any new safety measures linked to its upcoming messaging feature, The Information reported.
<h2 class="wp-block-heading">ByteDance's $300 Billion Balancing Act</h2>
The renewed scrutiny over TikTok's safety practices comes as parent company ByteDance moves closer to a potential 2025 IPO. Analysts say the company's valuation could reach $300 billion, amid continued pressure from U.S. lawmakers <a href="https://www.benzinga.com/news/24/11/42027476/bytedance-valuation-soars-to-300b-despite-threat-of-us-tiktok-ban">over TikTok's operations</a>. However, unresolved safety concerns—particularly those involving minors—could complicate its pitch to regulators and institutional investors.
See Also: The team behind $6B+ in licensing deals is now building the next billion-dollar IP empire — <a href="https://www.benzinga.com/money/elf-labs-ym?v=123">invest early at $2.25/share.</a>
The Federal Trade Commission has already intensified its focus on online platforms&#8217; role in child exploitation, and lawmakers in the U.S. continue to push for TikTok to sever its ties with its Beijing-based parent.
<h2 class="wp-block-heading">Bottom Line</h2>
TikTok must balance growth and innovation with safety investments as it enters Snapchat&#8217;s core territory. With ByteDance&#8217;s IPO timeline at stake, the coming months will show whether TikTok can replicate its short-form video success in photo sharing without inviting <a href="https://in.benzinga.com/markets/equities/24/07/39945781/meta-cracks-down-on-nigerian-yahoo-boys-in-massive-sextortion-scam-purge-bans-63k-accounts">Meta-scale regulatory backlash</a>.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/money/this-ai-imaging-technology-has-been-used-in-more-than-500-surgeries-now-you-can-be-part-of-the-ai-imaging-revolution">Be part of the next med-tech breakthrough for only $350 — 500+ surgeries already done with nView's AI system.</a></li>
<li>Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.</li>
</ul>
Image: Shutterstock

SNAP

TikTok Tests Photo Messaging Despite Internal Warnings Over Sextortion Risks—Could It Hurt Parent ByteDance's IPO Plans?

Guggenheim analyst John DiFucci maintains Okta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) with a Buy and raises the price target from $130 to $140.

OKTA

Guggenheim Maintains Buy on Okta, Raises Price Target to $140

<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4431956-1&amp;h=1503974003&amp;u=http%3A%2F%2Fwww.epicorebiosystems.com%2F&amp;a=Epicore+Biosystems">Epicore Biosystems</a> (Epicore), a digital health solutions leader developing advanced sweat-sensing wearables, and DuPont Personal Protection (DuPont) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DD#NYSE">DD</a>), a global leader in personal protection solutions, have agreed to work together to explore opportunities to potentially enhance worker safety and well-being. Drawing on DuPont's expertise in protective garments and Epicore's wearable hydration management technology, this collaboration can help to drive new data analytics and quantitative insights at the intersection of advanced biometrics and personal protective clothing.

Epicore Biosystems And DuPont Personal Protection Agree To Work Together To Explore Opportunities To Potentially Enhance Worker Safety And Well-Being

Live On CNBC, Stephanie Link Announces Bought KKR & Co.

Guggenheim analyst Vamil Divan assumes Amgen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>) with a Neutral rating and announces Price Target of $288.

Initiation

AMGN

Guggenheim Assumes Amgen at Neutral, Announces Price Target of $288

TJX Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>) is gearing up to report its first-quarter results on Wednesday, May 21.
The reduction in tariff rates on China has come as a "huge relief," given the company's significant vendor exposure to the country, according to TD Cowen.
The TJX Companies Analyst: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5846f34dee7bf6000154d138/john-kernan">Analyst John Kernan</a> reiterated a Buy rating, while raising the price target from $140 to $142.
The TJX Companies Thesis: The company could report same-store sales growth of 4%, accelerating from last year's 3% and above the guidance range of 2% to 3%, Kernan said in the note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
TJX Companies could deliver gross margin expansion of 5 basis points (bps) year-on-year, much better than the guidance of a contraction of 10 bps-20 bps, the analyst stated. He expects the company to report earnings of 93 cents per share, above consensus of 91 cents per share.
The company has some insulation from macro uncertainties due to its "wide demographics, spread of merchandise offered, and strong U.S. gross margin,&#8221; Kernan said. "Our field work suggests the buying environment post Liberation Day is improving, and management&#8217;s confidence in inventory availability is rising," he further wrote.
TJX Price Action: Shares of TJX Companies had declined by 0.38% to $134.60 at the time of publication on Tuesday.
Read More: <a href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45262278/under-armour-faces-tough-road-ahead-says-analyst"> </a> • <a href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45262278/under-armour-faces-tough-road-ahead-says-analyst">TJX Companies, Qualcomm And Bitcoin ETF On CNBC&#8217;s &#8216;Final Trades&#8217;</a>

Photo: T. Schneider via Shutterstock

Analyst Color

Previews

Reiteration

TJX Companies Q1 Preview: Report Could Reflect Durable Earnings Growth

Wolfe Research analyst Justin Lake maintains UnitedHealth Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) with a Outperform and lowers the price target from $501 to $390.

Wolfe Research Maintains Outperform on UnitedHealth Group, Lowers Price Target to $390

Individuals have invested a record $122 billion into <a href="https://www.benzinga.com/etfs">equity ETFs</a> so far this year. 
According to Goldman Sachs, that&#8217;s double the inflows since mid-March, despite the broader market losing footing and headlines turning bearish.
Conversely, the pros are exciting. Institutional investors have taken about $25 billion out of the market this year, selling into strength as Main Street loaded up on what they perceive as bargains. And retail investors have been net sellers on only six trading days since March 1.
Also Read: <a href="https://www.benzinga.com/25/05/45517783/magnificent-7-stun-the-street-with-the-best-earnings-beat-since-2021">Magnificent 7 Stun The Street With Best Earnings Beat Since 2021</a>
<h3 class="wp-block-heading">Three ETFs Are Crowd Darlings</h3>
<ul class="wp-block-list">
<li>SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>): The veteran. SPY is the default ETF for overall U.S. market exposure, and its consistent inflows indicate that retail investors continue to wager on the resilience of the American economy. So far this year, the fund is up 1.5%.</li>
</ul>
<ul class="wp-block-list">
<li>Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>): The growth darling. With the AI rally in motion, QQQ, which tracks the Nasdaq 100, is seeing flows from investors surfing the wave of Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and other AI leaders. It&#8217;s less a bet on diversification and more on innovation. The fund has gained 1.8% this year thus far.</li>
</ul>
<ul class="wp-block-list">
<li>Roundhill Magnificent Seven ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#BATS">MAGS</a>): The upstart. This ETF provides levered exposure to the &#8220;Magnificent Seven&#8220;, the upper-echelon tech stocks making headlines and driving earnings. For retail investors living large, MAGS is like a shortcut to riches (or at least to bragging rights).</li>
</ul>
Different Playbooks, Same Market: The behavioral divergence is stark. Institutions are taking in cash, preparing for possible volatility down the road, whether it&#8217;s from inflation, rate shocks, or geopolitical jolts. Retail, meanwhile, is embracing the volatility, sure (or maybe convinced) that any selloff is just another chance to buy.
This impasse, Wall Street versus Main Street, begs the question: who&#8217;s right?
History has taught us that both sides are capable of error. But at present, retail investors are purchasing with conviction, coffee, and an affection for ticker symbols beginning with &#8220;Q&#8221; or rhyming with &#8220;swag.&#8221;
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/etfs/specialty-etfs/25/05/45507759/tips-in-trouble-why-inflation-protected-bond-etfs-are-losing-their-spark"> TIPS In Trouble: Why Inflation-Protected Bond ETFs Are Losing Their Spark</a></li>
</ul>
Image: Shutterstock

Broad U.S. Equity ETFs

ETFs

MAGS

MSFT

MAGS, QQQ, SPY Fly Off The Shelves: Unfazed Retail Buyers Pump In Record $122B While Wall Street Loses Nerve

Wolfe Research analyst Mike Polark upgrades LivaNova (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIVN#NASDAQ">LIVN</a>) from Peer Perform to Outperform and announces $60 price target.

Upgrades

LIVN

Wolfe Research Upgrades LivaNova to Outperform, Announces $60 Price Target

Performance Food Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFGC#NYSE">PFGC</a>) has outperformed the market over the past 5 years by 12.73% on an annualized basis producing an average annual return of 27.41%. Currently, Performance Food Gr has a market capitalization of $13.67 billion. 
Buying $100 In PFGC: If an investor had bought $100 of PFGC stock 5 years ago, it would be worth $378.72 today based on a price of $87.60 for PFGC at the time of writing.
<h3>Performance Food Gr's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1747757712_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

PFGC

Here's How Much You Would Have Made Owning Performance Food Gr Stock In The Last 5 Years

Streaming giant Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) is adding more family entertainment in a push that could land the company <a href="https://www.benzinga.com/general/entertainment/25/04/44877995/netflix-crushes-q1-says-its-working-hard-to-improve-and-expand-its-offering">more paid subscribers </a>in the future.
What Happened: Long-running children's program "Sesame Street" is headed to Netflix, a deal announced months<a href="https://www.benzinga.com/general/education/25/03/44482913/sesame-street-faces-financial-struggles-as-hbo-deal-ends"> after a deal </a>with Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) ended.
Netflix also <a href="https://about.netflix.com/en/news/netflix-welcomes-sesame-street-and-the-world-of-peppa-pig">announced </a>it is adding content from "The World of Peppa Pig."
"Today, we're excited to announced the new destination for these beloved titles is Netflix. Whether you love learning the letter of the day with Elmo or jumping in muddy puddles with Peppa, we have something for every kind of kid and every kind of family," Netflix said.
The deal will bring 90 hours of previous episodes from previous "Sesame Street" seasons to Netflix along with the upcoming all-new, reimagined 56th season later this year.
Netflix said the new season of "Sesame Street" will feature new segments and the return of fan-favorite segments like Elmo's World and Cookie Monster's Foodie Truck. The new episodes are expected to center on an 11-minute story, which allows for more character-driven development, "Sesame Street" parent Sesame Workshop <a href="https://sesameworkshop.org/about-us/press-room/sesame-street-is-coming-to-netflix/">said</a>.
New episodes of "Sesame Street" will also be available same day in the U.S. on PBS stations and PBS KIDS digital platforms for free.
New episodes of "Peppa Pig" Season 7 are available to stream now on Netflix in the United States.
Read Also: <a href="https://www.benzinga.com/general/entertainment/25/04/44905838/netflix-playing-offense-while-stock-plays-defense-6-analysts-on-q1-results-advertising-growth-ahead">Netflix &#8216;Playing Offense&#8217; While Stock Plays Defense: 6 Analysts On Q1 Results, Advertising Growth Ahead</a>
Why It's Important: In the announcement, Netflix says that kids and family entertainment makes up 15% of its total viewing.
The company has well-known kids programming including "Ms. Rachel," "Gabby's Dollhouse," "CoComelon Lane," "Blippi" and more.
Netflix also said it is working on new animated series and films including "Stranger Things: Tales From '85," "Motel Transylvania," "Minecraft," "Ghostbusters," "Dr. Seuss" and more.
The company also said more games for kids are on the way. Netflix has the rights to develop video games based on "Sesame Street" and "Sesame Street Mecha Builders" as part of the deal with Sesame Workshop.
"So if you're looking for an entertaining new game or something to watch together, Elmo and Peppa think you and your family are going to have a great time on Netflix!"
The deal with Netflix is unusual for the streamer as it won't have as much exclusive control over new content, sharing the rights with PBS in the United States.
Sesame Workshop has been working to find a new partner after Warner's HBO Max streaming platform chose not to renew. The children's programming company and PBS have been the subject of negative attention from the Trump administration with a loss of funding.
NFLX Price Action: Netflix stock traded at $1,182.90 on Tuesday, compared to a 52-week trading range of $587.04 to $1,196.50. Netflix stock is up 33.4% year-to-date in 2025.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/general/entertainment/25/05/45445251/netflixs-ad-tier-now-boasts-94m-users-fueling-stocks-rise-to-record-highs">Netflix&#8217;s Ad-Tier Now Boasts 94M Users, Fueling Stock&#8217;s Rise To Record Highs</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Entertainment

NFLX

N Is For Netflix: Streamer To Show Viewers How To Get To 'Sesame Street'

U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 150 points on Tuesday.
The Dow traded down 0.37% to 42,632.71 while the NASDAQ fell 0.43% to 19,132.73. The S&amp;P 500 also fell, dropping, 0.42% to 5,938.36.
Check This Out: <a href="https://www.benzinga.com/25/05/45516277/wall-streets-most-accurate-analysts-give-their-take-on-3-energy-stocks-with-over-4-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Energy Stocks With Over 4% Dividend Yields</a>
Leading and Lagging Sectors Utilities shares rose by 0.3% on Tuesday.
In trading on Tuesday, information technology stocks dipped by 0.8%.
Top Headline
Amer Sports, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AS#NYSE">AS</a>) reported better-than-expected first-quarter FY25 results.
Revenue rose 23% year over year (Y/Y) to $1.47 billion (+26% Y/Y on a constant currency basis), exceeding the consensus of $1.38 billion. Adjusted EPS of 27 cents beat the consensus of 15 cents.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul class="wp-block-list">
<li>D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) shares shot up 27% to $16.74 after the company announced it launched its Advantage2 quantum system to address problems in optimization, AI, and materials simulation.</li>
<li>Shares of NeurAxis, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRXS#NYSE">NRXS</a>) got a boost, surging 94% to $4.4150 after the company announced it received FDA 510(K) clearance regarding IB-stim for the treatment of pediatric FAP associated with functional dyspepsia and FD related nausea symptoms.</li>
<li>Amer Sports, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AS#NYSE">AS</a>) shares were also up, gaining 17% to $36.59 after the company reported better-than-expected first-quarter financial results and raised its FY25 guidance.</li>
</ul>
Equities Trading DOWN
<ul class="wp-block-list">
<li>IHS Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IHS#NYSE">IHS</a>) shares dropped 12% to $5.52 after the company reported weak quarterly earnings.</li>
<li>Shares of Ekso Bionics Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EKSO#NASDAQ">EKSO</a>) were down 21% to $0.2615 after the company announced a 1-for-15 reverse stock split to regain Nasdaq compliance.</li>
<li>Tourmaline Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRML#NASDAQ">TRML</a>) was down, falling 15% to $14.17. The company announced topline results from its ongoing Phase 2 TRANQUILITY trial.</li>
</ul>
Commodities In commodity news, oil traded down 0.7% to $62.27 while gold traded up 1.5% at $3,280.60.
Silver traded up 1.5% to $33.005 on Tuesday, while copper fell 0.5% to $4.6455.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.73%, while Spain's IBEX 35 Index rose 1.48%. London's FTSE 100 rose 0.92%, Germany's DAX 40 gained 0.43% and France's CAC 40 climbed 0.71% during the session.
Asia Pacific Markets
Asian markets closed mostly higher on Tuesday, with Japan's Nikkei gaining 0.08%, Hong Kong's Hang Seng Index gaining 1.49%, China's Shanghai Composite Index rising 0.38% and India's BSE Sensex declining 1.06%.
Economics
US Redbook Index rose by 5.4% year-over-year in the week ending May 17.
Now Read This: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45517457/spotify-to-rally-more-than-16-here-are-10-top-analyst-forecasts-for-tuesday">Spotify To Rally More Than 16%? Here Are 10 Top Analyst Forecasts For Tuesday</a> </li>
</ul>
Photo via Shutterstock

Earnings

Eurozone

Commodities

Intraday Update

Markets

EKSO

NRXS

QBTS

TRML

Gold Gains Over 1%; Amer Sports Posts Upbeat Earnings

Press Releases

Credo Reports Third Quarter of Fiscal Year 2025 Financial Results

Credo Showcasing AEC PCIe Products for AI Scaling at NVIDIA GTC 2025

Credo Files AEC Patent Infringement Complaint Against Amphenol, Molex, TE Connectivity, and Volex with United States International Trade Commission

Credo and XConn to Showcase Seamless GPU Cluster at NVIDIA GTC

WPG Americas Accelerates High-Speed Connectivity Solutions through Credo Partnership

Credo to Showcase AI Scale Out Fabric Featuring Credo Optical DSPs at OFC 2025

Credo Named a Winner of the 2025 Top Workplaces USA Award

Credo Unveils the Lark Family - Setting a New Benchmark for Low-Power 800G Optical DSPs

Credo Schedules Fourth Quarter and Fiscal Year 2025 Financial Results Conference Call

Credo Launches PILOT a Diagnostic and Analytics Software Platform, Enhancing Link Reliability and Performance Across High-Speed Connectivity Solutions

CRDO

Analog Devices

Astera Labs

Advanced Micro Devices, Inc. - Common Stock

Advanced Micro Devices

Arm Holdings plc - American Depositary Shares

ARM Holdings

ASE Technology Holding Co., Ltd. American Depositary Shares (each representing Two Common Shares)

Comments

Credo Technology Group

Notizie

PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL