TaskUs Stays Public: Blackstone Buyout Deal Falls Through
TaskUs stockholders reject Blackstone's take-private proposal. The company will remain publicly traded on Nasdaq as TASK after failing to secure necessary votes.
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Verizon Partners with AST SpaceMobile to Bring Satellite Connectivity to Your Phone
Verizon and AST SpaceMobile team up to deliver space-based cellular service starting in 2026, enabling regular smartphones to connect anywhere without special equipment.
Penguin Solutions Posts Profit But Forecasts Slower Growth Ahead
Penguin Solutions swings to Q4 profit but expects slower sales growth in fiscal 2026. Stock drops 19% pre-market despite beating earnings estimates for the AI infrastructure company.
Confluent Explores Sale as AI Data Demand Surges
Data streaming company Confluent is exploring a potential sale after attracting interest from tech firms and private equity. The $7B company specializes in AI data infrastructure.
Oracle Sinks on Report Its Cloud Margins Are Lower Than Expected
Shares of Oracle tumbled after a report revealed that the software maker’s profit margin in its cloud computing business is lower than many on Wall Street had estimated.
Dell Doubles Down on AI: Massive Growth Forecasts Ahead
Dell doubled its growth forecast through 2030 due to massive AI server demand. They plan to improve their struggling PC business.