MADISON AIR PULLS OFF LARGEST INDUSTRIAL IPO SINCE 1999
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Madison Air completed the largest industrial initial public offering in over two decades. CEO Jill Wyant discussed the milestone with Bloomberg's Ed Ludlow.
■ MORE FROM THE BUSINESS DESK
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.
HP reported Q3 revenue of $15.7 billion, up 12.5% year-over-year, driven by an 18% surge in PC sales. However, the company's shares fell more than 9% after-hours as investors grew concerned about weakening demand signals.
Nvidia reported Q2 revenue of $96.2 billion, up 106% year-over-year, with net income surging 126% to $59.7 billion. Data Center revenue, the company's primary growth engine, reached $89 billion, up 117% from the same period last year.