Mike Wheatley
Latest from Mike Wheatley
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 ...
Cloud growth helps Amazon to another earnings beat, and its stock jumps
Strong growth in Amazon.com Inc.’s cloud and advertising businesses paved the way to another impressive earnings and revenue beat today. The company’s stock was moving higher in extended trading, even though its guidance for the current quarter came up short of analyst’s expectations. Amazon reported third-quarter earnings before certain costs such as stock compensation of $1.43 per ...
Sluggish chip sales curtail Samsung’s profits, worrying investors
Samsung Electronics Co. Ltd.’s third-quarter profit jumped by 73% from a year earlier, but although that number sounds good, it wasn’t nearly enough to satisfy investors. That’s because the pace of acceleration was significantly lower than it was just three months ago, increasing investors’ concerns that the company is struggling to cash in on the ...
Meta’s stock heads south on slow user growth and ongoing infrastructure investments
Shares of Facebook parent company Meta Platforms Inc. were heading lower in late trading today after the company reported lower-than-expected user numbers and revealed plans to ratchet up its data infrastructure spending in fiscal 2025. The disclosures came as Meta revealed its fiscal 2024 third-quarter financial results, delivering a solid beat on both earnings and ...
Microsoft’s AI bet pays off as Azure revenue grows, but stock falls on infrastructure supplier delays
Microsoft Corp. delivered a solid fiscal first quarter earnings beat today, but its stock was moving lower after its guidance revealed slower-than-expected growth over the next quarter. The company reported earnings before certain costs such as stock compensation of $3.30 per share, comfortably ahead of Wall Street’s target of $3.10 per share, while revenue jumped ...
Google Cloud turbocharges its AI Hypercomputer stack with next-gen TPUs and bigger GPU clusters
Google Cloud is updating its AI Hypercomputer stack for artificial intelligence workloads, announcing the availability of a host of new processors and infrastructure software offerings. Today it announced the availability of its Google’s sixth-generation tensor processing unit, the Trillium TPU, plus the imminent availability of the new A3 Ultra virtual machines powered by Nvidia Corp.’s ...
GitHub Copilot goes multimodel, adding support for Google’s Gemini and Anthropic’s Claude LLMs
Microsoft Corp.’s GitHub sprung a surprise today as it revealed that its popular generative artificial intelligence coding assistant, GitHub Copilot, will no longer be powered exclusively by OpenAI’s GPT models. Instead, the company said at its annual GitHub Universe event that it’s adopting a multimodel approach, giving developers the opportunity to tap models from rival ...