Mike Wheatley
Latest from Mike Wheatley
Applied Materials warns of revenue hit from new Chinese chip export restrictions
The semiconductor industry giant Applied Materials Inc. beat expectations on earnings and revenue today as it delivered its fiscal first-quarter results, but its guidance for the current quarter came up short. The company said trade restrictions threaten to limit its exports to China, impacting its revenue, and its stock went backwards in extended trading. The ...
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Report: Arm to build its own chips, and Meta is first in line to buy them
The U.K.-headquartered chip design company Arm Holdings Plc. is reportedly planning to launch its first-ever complete semiconductor after securing Facebook’s parent company Meta Platforms Inc. as one of its first customers. In an exclusive report today, the Financial Times suggests that Arm is looking to build its own hardware for the first time, in a ...
EnCharge raises $100M to accelerate the rollout of its energy-efficient edge AI chips
A specialist artificial intelligence chipmaker called EnCharge AI Inc. said today it has closed on a more than $100 million Series B round of funding, bringing its total amount raised to date to more than $144 million. The company says it will use the funding to accelerate the commercialization of its first client computing AI ...
Cloud storage optimization startup Lucidity raises $21M
Lucidity.cloud Ltd., an Indian startup that helps automate multicloud storage management, said today it has raised $21 million in an early-stage funding round, following rapid growth over the last year. Today’s Series A round was led by WestBridge Capital and saw participation from existing investor Alpha Wave. It brings the startup’s total funding to $31 ...
Shares of Fastly fall hard and fast on earnings miss and weak guidance
Fastly Inc., the cloud-based edge infrastructure and content delivery network provider, delivered mixed fourth-quarter earnings results and weak guidance today, and its stock plummeted like a stone in extended trading. The company reported a loss before certain costs such as stock compensation of three cents per share, falling short of Wall Street’s target of break-even ...
Cisco delivers solid earnings and revenue beat, boosting its stock
Cisco Systems Inc.’s profit engines are ticking over nicely as it continues to reap the benefits of artificial intelligence demand. The company today posted a solid earnings and revenue beat, following up with strong guidance to boost its stock more than 6% in extended trading. The networking hardware and software giant reported second-quarter earnings before certain ...
Glean Technologies jumps into no-code agentic AI development with Glean Agents
Glean Technologies Inc., the creator of a powerful generative artificial intelligence-powered enterprise search application, is expanding into “agentic AI” territory with the launch of its new Glean Agents platform. Unlike other agentic AI platforms, it allows enterprise workers to create what Glean calls “horizontal” AI agents that can access broad data from across the entire ...
Supermicro forecasts crazy revenue growth for fiscal 2026, boosting its stock
Shares of the data center server maker Super Micro Computer Inc. jumped 9% in extended trading today after it forecast some insane revenue growth for fiscal 2026, citing rising demand for its artificial intelligence hardware. The after-hours jump reversed a selloff that had sent Supermicro’s stock down 8% during the regular trading session earlier today. ...
Confluent’s cloud growth engines keep on firing, sending its stock soaring
Big-data streaming software provider Confluent Inc. posted solid financial results and strong guidance for the current quarter, and announced a key new partnership with Databricks Inc. today, sending its stock soaring more than 14% in extended trading. The company reported fourth-quarter earnings before certain costs such as stock compensation of nine cents per share, surpassing Wall ...
Shares of Teradata sink on missed revenue and soft guidance
Shareholders bailed on the big-data analytics company Teradata Corp. today after it delivered fourth-quarter revenue that came up short of analysts’ expectations and offered weak guidance for the three months ahead. The company reported earnings before certain costs such as stock compensation of 53 cents per share, beating the analyst forecast of 44 cents per ...