Mike Wheatley
Latest from Mike Wheatley
The private equity firm Silver Lake Partners LP is reportedly in advanced talks over the purchase of a majority stake in Intel Corp.’s programmable chip business unit Altera, having apparently won out over a number of other prospective suitors. Bloomberg said in …
Arista Networks’ growth accelerates, driven by big AI investments
Arista Networks Inc. delivered a higher profit in the fourth quarter, thanks to a double-digit sales increase driven by growing demand for artificial intelligence networks. The cloud networking company also forecast revenue for the current quarter that came in above Wall Street’s …
Report: Broadcom and TSMC in talks to carve up Intel
Chipmaking giants Broadcom Inc. and Taiwan Semiconductor Manufacturing Co. are reportedly mulling deals that could ultimately see their rival Intel Corp. carved up into two separate entities. The Wall Street Journal reported this weekend that Broadcom is looking closely into the possibility …
JFrog is firing on all cylinders as it delivers another impressive earnings beat
Software supply chain company JFrog Ltd. clocked another strong quarter, beating Wall Street’s guidance on earnings and revenue, sending its stock higher in extended trading today. The company reported fourth-quarter earnings before certain costs such as stock compensation of 19 cents per …
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 …
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 …
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 …
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 …
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 …
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% …