BLACKSTONE DIGITAL INFRASTRUCTURE TRUST FILES FOR $2B IPO
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Blackstone is pursuing an initial public offering expected to raise $2 billion for a new acquisition vehicle focused on data centers. The move signals the firm's continued expansion into digital infrastructure assets.
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CrowdStrike Holdings Inc.'s stock gained Wednesday after the cybersecurity firm issued annual revenue guidance that exceeded analyst expectations. The forecast reflects sustained demand in the cybersecurity sector, driven partly by rising artificial intelligence-related threats.
Okta reported second-quarter revenue of $805M, beating estimates by $10M, while net income surged 73% year-over-year to $116M. The identity software provider raised full-year guidance, sending shares up 20% in after-hours trading.
Investors and analysts will scrutinize Nvidia's artificial intelligence spending outlook and revenue projections when the chipmaker reports earnings Wednesday, according to Mizuho Securities analyst Vijay Rakesh.
CrowdStrike reported Q2 revenue of $1.47B, beating analyst estimates of $1.44B with 26% year-over-year growth. The cybersecurity firm's stock surged over 9% in after-hours trading following the results.