--- title: "Dow Jones Top Company Headlines at 7 PM ET: SpaceX Fires Starting Gun on Its Blockbuster IPO | Nvidia ..." type: "News" locale: "en" url: "https://longbridge.com/en/news/287129902.md" description: "SpaceX has filed for an IPO expected to raise over $80 billion. Nvidia reports record $82 billion revenue due to AI demand. Anthropic anticipates a 130% revenue surge to $10.9 billion, marking its first profit. OpenAI is preparing for an IPO. Meta is laying off 8,000 employees to fund AI investments, while Intuit plans to cut 17% of its workforce. Target sees strong sales but warns of caution. Other companies like Urban Outfitters, Lowe's, and TJX report positive sales growth." datetime: "2026-05-20T23:25:29.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287129902.md) - [en](https://longbridge.com/en/news/287129902.md) - [zh-HK](https://longbridge.com/zh-HK/news/287129902.md) --- # Dow Jones Top Company Headlines at 7 PM ET: SpaceX Fires Starting Gun on Its Blockbuster IPO | Nvidia ... SpaceX Fires Starting Gun on Its Blockbuster IPO The Elon Musk-led company filed an investor prospectus for a stock offering expected to raise potentially $80 billion or more as soon as mid-June. \---- Nvidia Rides Blistering Chip Sales to Another Record Quarter The astronomical rise in AI agents and demand for data-center computing lift chip maker to $82 billion in first-quarter revenue. \---- Mind-Blowing Growth Is About to Propel Anthropic Into Its First Profitable Quarter The startup expects a 130% revenue surge to $10.9 billion in the June quarter and its first operating profit, defying skeptics of the AI boom. \---- OpenAI Is Preparing to File for an IPO Very Soon The artificial-intelligence giant is working with bankers at Goldman Sachs and Morgan Stanley. \---- Meta Begins Laying Off Thousands of Employees as It Transforms Around AI The cuts of roughly 8,000 jobs, or 10% of staff, are meant to offset the cost of the company's AI investments. \---- Intuit to Cut 17% of Staff, Invest in 'Big Bets' The maker of TurboTax and QuickBooks will lay off nearly a fifth of its workforce as it makes artificial intelligence a centerpiece of its business. \---- Target Reports Strongest Sales Gain in Years but Sounds Note of Caution After a string of weak results, the retailer said more shoppers are gravitating to its refreshed products and stores. \---- Urban Outfitters Sales Climb on Growth Across All Segments Chief Executive Richard Hayne said the company's results marked record first-quarter sales and earnings, with revenue climbing 11% to $1.48 billion. \---- Fink's Big Payday Gets Lukewarm Reception From BlackRock Shareholders The CEO's compensation package rose to $37.7 million in 2025, not counting future awards on carried interest from private funds. \---- Lowe's Sales Rise, Boosted by Pro Business Growth The home-improvement retailer reported higher first-quarter sales boosted by growth in its online channel, even as a stagnant housing market continues to weigh on home improvement activity. \---- Ubisoft Delays Profit, Cash Flow Targets as Reboot Continues The French videogame group said it expects to return to positive non-IFRS operating profit and free cash flow generation in the fiscal year through March 2028, not in fiscal 2027 as previously planned. \---- Wendy's Names Robert Wright as CEO Robert Wright will return to Wendy's as chief executive officer, where he will oversee efforts to reverse a slump in the restaurant chain's U.S. sales. \---- James Murdoch to Buy New York Magazine, Other Vox Assets for Around $300 Million The deal, which also includes the Vox Media podcast division and Vox news site, greatly expands the media holdings of Murdoch's Lupa Systems. \---- Hasbro's Uncertain Outlook Weighs on Shares, Overshadowing Strong First Quarter Hasbro's executives see some obstacles ahead before the company can lift its guidance for the second half of the year. \---- Samsung Management, Union Reach Tentative Deal, Averting Strike The union said it will suspend its May 21-June 7 strike until further notice, as union members will vote on the tentative deal on May 22 through May 27. \---- TJX Raises FY Guidance as Consumers Flock to the Off-Price Retailer T.J. Maxx parent TJX Cos. reported higher first-quarter sales and raised its full-year guidance as the off-price retailer continues to draw customers in a cautious consumer environment. \---- CEO Walks Back Comment About Replacing 'Lower-Value Human Capital' With AI Standard Chartered chief Bill Winters used the phrase while outlining plans for thousands of job cuts. (END) Dow Jones Newswires May 20, 2026 19:15 ET (23:15 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. ### Related Stocks - [META.US](https://longbridge.com/en/quote/META.US.md) - [TGT.US](https://longbridge.com/en/quote/TGT.US.md) - [INTU.US](https://longbridge.com/en/quote/INTU.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [METW.US](https://longbridge.com/en/quote/METW.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [ARKX.US](https://longbridge.com/en/quote/ARKX.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md) - [XLK.US](https://longbridge.com/en/quote/XLK.US.md) - [NVDX.US](https://longbridge.com/en/quote/NVDX.US.md) - [PSI.US](https://longbridge.com/en/quote/PSI.US.md) - [NVDU.US](https://longbridge.com/en/quote/NVDU.US.md) - [XSW.US](https://longbridge.com/en/quote/XSW.US.md) - [NVDL.US](https://longbridge.com/en/quote/NVDL.US.md) - [CLOU.US](https://longbridge.com/en/quote/CLOU.US.md) - [METU.US](https://longbridge.com/en/quote/METU.US.md) - [UFO.US](https://longbridge.com/en/quote/UFO.US.md) - [IGV.US](https://longbridge.com/en/quote/IGV.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [OpenAI.NA](https://longbridge.com/en/quote/OpenAI.NA.md) - [GS.US](https://longbridge.com/en/quote/GS.US.md) - [MS.US](https://longbridge.com/en/quote/MS.US.md) - [URBN.US](https://longbridge.com/en/quote/URBN.US.md) - [BLK.US](https://longbridge.com/en/quote/BLK.US.md) - [LOW.US](https://longbridge.com/en/quote/LOW.US.md) - [UBSFY.US](https://longbridge.com/en/quote/UBSFY.US.md) - [WEN.US](https://longbridge.com/en/quote/WEN.US.md) - [HAS.US](https://longbridge.com/en/quote/HAS.US.md) - [TJX.US](https://longbridge.com/en/quote/TJX.US.md) - [02888.HK](https://longbridge.com/en/quote/02888.HK.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) - [W4VR.SG](https://longbridge.com/en/quote/W4VR.SG.md) - [MS-O.US](https://longbridge.com/en/quote/MS-O.US.md) - [MS-Q.US](https://longbridge.com/en/quote/MS-Q.US.md) - [MS-E.US](https://longbridge.com/en/quote/MS-E.US.md) - [MS-I.US](https://longbridge.com/en/quote/MS-I.US.md) - [MS-L.US](https://longbridge.com/en/quote/MS-L.US.md) - [MS-P.US](https://longbridge.com/en/quote/MS-P.US.md) - [MS-A.US](https://longbridge.com/en/quote/MS-A.US.md) - [MS-F.US](https://longbridge.com/en/quote/MS-F.US.md) - [MS-K.US](https://longbridge.com/en/quote/MS-K.US.md) - [BTX.US](https://longbridge.com/en/quote/BTX.US.md) - [BIT.RT*.US](https://longbridge.com/en/quote/BIT.RT*.US.md) - [BDJ.US](https://longbridge.com/en/quote/BDJ.US.md) - [BSTZ.US](https://longbridge.com/en/quote/BSTZ.US.md) - [BIT.RT.US](https://longbridge.com/en/quote/BIT.RT.US.md) - [STAN.UK](https://longbridge.com/en/quote/STAN.UK.md) ## Related News & Research - [Former Amazon, Meta Scientists Unveil Graphon AI, the First Pre-Model Intelligence Layer, with $8.3M in Seed Funding](https://longbridge.com/en/news/286438133.md) - [The real winner of SpaceX’s IPO: Mark Zuckerberg](https://longbridge.com/en/news/287131396.md) - [Meta Offers WhatsApp Access to AI Rivals in Europe, but There's a Catch](https://longbridge.com/en/news/286959569.md) - [GIPHY Extends Multi-Year Integration Partnership with Meta | SSTK Stock News](https://longbridge.com/en/news/286926344.md) - [SpaceX details how retail investors can buy into its IPO](https://longbridge.com/en/news/287161988.md)