This week was a rollercoaster ride for the tech and AI industry. From CrowdStrike’s impressive first-quarter results and stock split announcement to Broadcom’s mixed second-quarter results, the market was abuzz.
Meanwhile, SpaceX signed a massive AI deal with Google, Meta faced an investor exodus over AI fundraising and the Trump administration explored government stakes in AI companies.
Here’s a quick recap of the weekend’s top stories.
Anthropic has made a confidential filing of a draft Form S-1 with the SEC. This move gives the firm the option to go public, pending the completion of the SEC’s review process. The company has not yet decided on the number of shares it would sell or the price it would seek in an offering. The disclosure was made under Rule 135 of the Securities Act of 1933.
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Cybersecurity firm CrowdStrike reported Q1 revenue of $1.39 billion, surpassing analyst estimates of $1.36 billion. The company also announced a 4-for-1 stock split. Subscription revenue and annual recurring revenue both saw a 26% and 24% YoY increase, respectively. The company ended the quarter with $4.55 billion in cash and cash equivalents.
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Semiconductor company Broadcom reported second-quarter revenue of $22.19 billion, slightly missing analyst estimates of $22.27 billion. However, the company’s adjusted earnings of $2.44 per share beat estimates of $2.40 per share. The quarter saw a 48% YoY revenue increase, driven by growth in AI semiconductor revenue.
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Just days before its blockbuster IPO, SpaceX signed a $920 million monthly AI deal with Google. The deal involves 110,000 Nvidia GPUs and is set to ramp up to full rate by September 2026. Google and SpaceX are also reportedly in talks to develop orbital data centers.
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Following reports of Meta’s plans to boost AI-related capex to $145 billion this year, one investor dumped shares, stating that people won’t invest in companies where earnings are stagnant or declining. Meta did not immediately respond to Benzinga’s request for comment.
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The Trump administration is reportedly exploring the idea of government stakes in AI companies. Preliminary discussions have been held with major AI companies about voluntarily transferring shares to the government. OpenAI CEO Sam Altman has reportedly discussed the idea with administration officials.
Read the full article here.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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