Mike Wheatley
Latest from Mike Wheatley
Private equity firm Apax buys Thoughtworks in $1.75B takeover deal
Shares of the technology consultancy Thoughtworks Holding Inc. jumped more than 27% during the regular trading session today after it revealed it has agreed to be acquired by the British private equity firm Apax Partners LLP in a deal worth about $1.75 billion. The transaction will see Thoughtworks exit the stock market and return to ...
Placer Labs raises $75M to enhance market research initiatives with foot traffic data and AI
Location data startup Placer Labs Inc., better known as Placer.ai, said today it has closed on a bumper $75 million funding round that brings its valuation to almost $1.5 billion. Today’s round was unusual in that Placer.ai declined to name any of its investors, except to say that they were all existing backers. According to ...
Report: Design flaw discovery set to delay launch of Nvidia’s new Blackwell GPUs
Updated with Monday stock movement: Chipmaker Nvidia Corp. has told Microsoft Corp., Meta Platforms Inc., Google LLC and other customers that its upcoming, highly anticipated “Blackwell” B200 graphics processing units for artificial intelligence workloads are likely to be delayed by at least three months. A report Friday night by The Information said one of Nvidia’s ...
Cloudflare’s stock jumps as it cruises to a solid earnings and revenue beat
Content delivery network and cybersecurity tooling provider Cloudflare Inc.’s stock was heading higher in extended trading today, posting gains of more than 10% on the back of stellar second-quarter financial results and strong guidance. The company reported earnings before certain costs such as stock compensation of 20 cents per share on sales of $401 million, ...
Intel’s stock craters as it reveals plan to cut 15,000 jobs, 15% of its workforce
Updated with Friday stock close: Intel Corp. today confirmed reports from earlier this week that it will cut a significant number from its massive global workforce, saying it plans to lay off about 15,000 workers, or 15% of its total. The disclosure came on the back of a disappointing earnings report and lower guidance, and ...
Amazon’s stock slides on revenue miss and lower guidance despite cloud growth uptick
Shares of Amazon.com Inc. took a beating in extended trading today, falling more than 7% after the company reported revenue that came in below expectations and followed with lower guidance for the current quarter. The company reported second-quarter earnings before certain costs such as stock compensation of $1.26 per share, beating Wall Street’s consensus estimate ...
Google’s lightweight Gemma LLMs get smaller, but they perform even better than before
Google LLC is advancing its efforts in open-source artificial intelligence with three new additions to its Gemma 2 family of large language models, which it said are notably “smaller, safer and more transparent” than many of their peers. The company released its first Gemma models back in February. They’re different from its flagship Gemini models, ...
Shares of Arm and Qualcomm wobble after hours, despite solid earnings and revenue beats
Arm Holdings Plc and Qualcomm Inc. made strong gains during the regular trading session today, with their respective share prices up by more than 8%, but both stocks wavered in after-hours trading after the chipmakers posted their latest financial results. Arm’s stock took the biggest hit, falling more than 10% after it could only offer ...
Meta’s stock rises on strong earnings, revenue growth and confident outlook
Shares of Meta Platforms Inc. gained more than 6% in after-hours trading today after the company posted solid earnings and revenue that exceeded analysts’ expectations and provided a strong forecast for the current quarter. In its second-quarter financial results, Meta delivered earnings before certain costs such as stock compensation of $5.16 per share, crushing the ...
Intel reportedly set to announce another round of layoffs, involving ‘thousands’ of workers
Intel Corp. is reportedly preparing for a major workforce reduction, with thousands of Intel layoffs expected in the coming days. The company is taking cost-cutting measures as it pursues an ambitious plan to regain its status as the world’s top chipmaker. That’s according to a report from Bloomberg, which cites anonymous sources as saying the ...