Mike Wheatley
Latest from Mike Wheatley
IonQ snaps up quantum networking company Qubitekk, but financial results disappoint investors
Quantum computing specialist IonQ Inc. said today it plans to acquire virtually all of the operating assets of quantum networking startup Qubitekk Inc., as it looks to build out the infrastructure required to scale up its cloud-based services. It was a busy day for IonQ, which also revealed it’s collaborating with the computer-aided design software ...
Kyndryl sees good traction with AI consulting services, and its stock moves higher
Kyndryl Holdings Inc., the information technology infrastructure services company that was formerly part of IBM Corp., delivered a narrow earnings and revenue beat today, nudging its stock higher after-hours. The company reported a fiscal second-quarter loss before certain costs such as stock compensation of 19 cents per share, better than the 24-cent-per-share loss expected by ...
Qualcomm and Arm each cruise to another earnings and revenue beat
The computer chipmakers Qualcomm Inc. and Arm Holdings Plc both reported strong earnings and revenue beats as they delivered their latest financial results today, yet while the former’s stock popped in extended trading, the latter’s flopped. Qualcomm reported fiscal fourth-quarter earnings before certain costs such as stock compensation of $2.69 per share, easily ahead of Wall ...
Mozilla’s open internet advocacy efforts falter as it lays off 30% of its staff
The Mozilla Foundation, the nonprofit group that develops the popular Firefox web browser, is laying off around 30% of its staff, completely shutting down its advocacy programs in the process. In a statement sent to TechCrunch and The Verge, Mozilla’s communications chief Brandon Borrman said the decision was taken “amid a relentless onslaught of change.” ...
Perplexity AI’s value to soar to $9B as it finalizes new $500M funding round
Generative artificial intelligence search startup Perplexity AI Inc. reportedly is finalizing the details of a mammoth new funding round that would increase its valuation to a cool $9 billion. The startup, which has built an AI-powered search engine platform and competes with both Google Search and OpenAI’s ChatGPT, is set to receive $500 million in the ...
Supermicro’s stock falls on revenue miss and uncertainty over annual filing, increasing fears of a delisting
Shares of the server maker Super Micro Computer Inc. plunged more than 14% in extended trading after the company delivered worse-than-expected financial results for its latest quarter and delayed the publication of a key report, exacerbating investors’ fears of a stock delisting. The company, which is better known as Supermicro, posted preliminary fiscal first-quarter results ...
NXP tumbles on weak outlook as automotive chip revenue declines
NXP Semiconductors N.V.’s stock fell almost 6% in after-hours trading today after it delivered an outlook that fell some way short of Wall Street’s expectations, due to what it said is “macroeconomic weakness” in Europe and the Americas. The semiconductor manufacturing company delivered third-quarter earnings before certain costs such as stock compensation of $3.45 per ...
Astera Labs delivers blowout earnings and revenue beat and its stock jumps
Shares of the artificial intelligence networking chip company Astera Labs Inc. were flying high in extended trading today, rising more than 22% on the back of a solid earnings beat and strong guidance for the current quarter. The chipmaker reported third-quarter earnings before certain costs such as stock compensation of 23 cents per share on ...
Apple beats Wall Street’s targets as iPhone 16 sales get off to a solid start
Apple Inc. topped Wall Street’s expectations on earnings and revenue as it delivered its fiscal fourth-quarter earnings results today, but its stock wavered in extended trading after it reported yet another decline in sales in Greater China. The iPhone maker reported earnings before certain costs such as stock compensation of $1.64 per share, just edging ...
Intel surprises Wall Street with solid earnings and revenue, but success in AI remains elusive
Intel Corp. today delivered better-than-expected earnings results and issued guidance for the coming quarter that topped Wall Street’s estimates — and as a result its stock made sharp gains, giving the beleaguered chipmaker a welcome boost following months of inner turmoil. The company reported third-quarter earnings before certain costs such as stock compensation of 17 cents ...
