• Csquare, a Brookfield Corporation-backed data-center operator focused on AI and high-performance computing workloads, filed for a US IPO on the NYSE seeking to raise up to $1.35 billion, making it one of the largest AI-infrastructure listings of the year.
• Proceeds will be used primarily for debt repayment and to fund expansion of its AI-ready data-center capacity, capitalizing on the insatiable demand for GPU-hosting facilities from hyperscalers.
• The IPO lands the same week hyperscaler capex remains a dominant narrative on Wall Street and as Morgan Stanley's Mike Wilson urges rotation from chips to the cloud platforms (Bloomberg).

I'll pull up the revenue and net income chart for Apple. Let me confirm the ticker and load the data.Now let me chart both annual revenue and net income for Apple.

Loading chart...Here's Apple's annual revenue and net income over the past several years.

Key takeaways:

• Revenue peaked in FY22 at ~$394B, dipped in FY23 to ~$383B, then rebounded to a record ~$395B in FY25.
• Net Income followed a similar pattern — FY22 saw ~$100B, dipped in FY23 to ~$97B, and climbed to ~$109B in FY25, marking an all-time high for profitability.
• The gap between revenue and net income has widened over the last three years, reflecting expanding margins.