Mike Wheatley
Latest from Mike Wheatley
China’s top social media platforms take steps to comply with new AI content labeling rules
China’s top social media platforms, including ByteDance Ltd.’s TikTok clone Douying and Tencent Holdings’ WeChat, rolled out new features today to try to comply with a new law that mandates all artificial intelligence content is clearly labeled as such. The new content labeling rules mandate that all AI-generated content posted on social media is tagged ...
Elastic’s stock jumps on impressive earnings and revenue beat
Enterprise data search company Elastic N.V. delighted Wall Street investors today as it delivered financial results that surpassed even the most optimistic forecasts. Its guidance for the current quarter was just as impressive, and the value of its stock soared in extended trading. The company reported fiscal 2026 first-quarter earnings before certain costs such as ...
Marvell’s stock slumps on concerns over custom silicon, but long-term prospects look strong
Marvell Technology Inc. could only match Wall Street’s expectations on earnings and revenue as it delivered its latest financial results today, and followed with soft guidance for the current quarter. Predictably, its stock took a nosedive in extended trading, falling more than 11%. The computer server chipmaker reported second-quarter earnings before certain costs such as ...
Soft outlook weighs on Dell’s stock despite soaring AI server sales
Dell Technologies Inc. posted strong second-quarter financial results today, but even though it beat expectations on earnings and revenue, its stock was heading lower on soft guidance for the current quarter. The company reported earnings before certain costs such as stock compensation of $2.32 per share, sneaking past Wall Street’s target of $2.30 per share, ...
Pure Storage’s impressive earnings thrill Wall Street, but Nutanix and NetApp disappoint
Flash data storage pioneer Pure Storage Inc. outshone its main rivals today with solid second-quarter results that crushed Wall Street’s estimates and upbeat guidance, sending its stock soaring in extended trading. In contrast, shares of rival storage providers Nutanix Inc. and NetApp Inc. were headed in the opposite direction. Although Nutanix beat the Street’s expectations, ...
HP cites strong demand for AI PCs as it beats expectations on revenue, but investors aren’t impressed
HP Inc.’s stock traded lower in extended trading late today after initially rising in the wake of its third-quarter financial results. The company surpassed analysts’ expectations on earnings and revenue and said it’s seeing solid demand for its new generation of artificial intelligence-capable personal computers, but its guidance for the current quarter failed to reflect ...
Snowflake’s stock pops as AI momentum drives solid earnings and revenue beat
Shares of Snowflake Inc. popped in extended trading after the cloud-based data storage giant reported better-than-expected second-quarter earnings and revenue and issued upbeat guidance for the rest of the year. The company reported adjusted earnings of 35 cents per share, easily topping Wall Street’s consensus view of 27 cents per share. Revenue for the period ...
InstaLILY gets $25M to accelerate industry automation with agentic AI teammates
InstaLILY Inc. said today it has raised $25 million exclusively from Insight Partners to fuel the growth of industry vertical-specific “AI Teammates” that are designed to live inside legacy software systems and perform tasks that were previously impossible to automate. The artificial intelligence startup says it’s pioneering a new way to fulfill the potential of ...
MariaDB buys its former subsidiary SkySQL to enhance its agentic AI and serverless capabilities
The privately held database company MariaDB plc seems to have changed its mind about the future of SkySQL Inc., deciding it does need it after all. In a somewhat unusual reversal, it revealed it’s buying its former subsidiary for an undisclosed price, just 18 months after it spun it out as a separate entity. SkySQL ...
Box bumps up its guidance after posting solid earnings and revenue
Shares of the cloud storage pioneer Box Inc. moved higher in extended trading today after it delivered another earnings and revenue beat and raised its full-year guidance, citing momentum with its artificial intelligence offerings. The company reported second-quarter earnings before certain costs such as stock compensation of 33 cents per share, edging past the analyst’s target ...