Mike Wheatley
Latest from Mike Wheatley
Amazon’s stock declines on light guidance and third successive cloud revenue miss
Amazon.com Inc. delivered better-than-expected results in its first-quarter earnings report, but it followed up with mixed guidance that’s “subject to change” as a result of the uncertainty caused by U.S. President Donald Trump’s sweeping tariffs. The company’s cloud infrastructure business also came up short, missing revenue expectations for a third straight quarter, and its stock ...
Qualcomm beats expectations, but its stock wobbles on light revenue forecast
Chipmaker Qualcomm Inc. beat analysts expectations thanks to some impressive revenue growth as it delivered its second-quarter earnings results today. The company said it’s reaping the rewards of a diversification strategy that has seen it expand beyond the smartphone market. However, its revenue forecast for the current quarter came in just shy of Wall Street’s ...
Meta Platforms crushes Wall Street’s earnings and revenue targets
Facebook and Instagram parent company Meta Platforms Inc. delighted investors today as it crushed analysts’ targets on earnings and revenue, sending its stock higher in extended trading. The company reported first-quarter earnings before certain costs such as stock compensation of $6.43 per share, well ahead of the $5.28 per share consensus estimate. Revenue for the ...
Microsoft delivers impressive earnings beat, showing strength in AI and cloud
Microsoft Corp.’s stock gained more than 7% in late trading today after it beat expectations in its latest financial results thanks to strong growth in the cloud, and followed up with encouraging guidance for the current quarter. The company reported third-quarter earnings before certain costs such as stock compensation of $3.46 per share, easily beating ...
Distributed app platform Akka targets agentic AI with flexible deployment options
Distributed application platform provider Akka said today it’s launching two new deployment options for developers looking for more versatile ways to deploy agent artificial intelligence applications at large scale. The company, which rebranded last year as Akka but is still officially known as Lightbend Inc., said developers now have the choice to self-host their applications ...
Satya Nadella says AI is now writing 30% of Microsoft’s code but real change is still many years away
Marc Andreessen famously said that software is eating the world, but now it seems that software itself is on the menu, with artificial intelligence taking a huge bite into the business of creating it. According to Microsoft Corp. Chief Executive Satya Nadella, as much as 30% of all of the code inside the company’s software ...
Samsung beats profit and revenue targets thanks to strong AI smartphone sales
Samsung Electronics Co. Ltd. posted a stronger-than-expected first-quarter profit today, with weakness in its core memory chip business offset by strong sales of its newest flagship smartphones. The company, which is the world’s largest maker of memory chips and the second-largest supplier of smartphones, reported a net profit of 8.223 trillion won ($5.74 billion), up ...
Supermicro’s stock plunges on weak preliminary guidance
Super Micro Computer Inc. has found itself in more hot water today after issuing preliminary guidance for its third-quarter earnings and revenue that came in far below Wall Street’s expectations. Its stock tanked after it blamed some customers for delaying orders of new servers and computing products. The company said it expects earnings before certain costs ...
Alibaba claims leadership in AI reasoning with latest Qwen3 models
Chinese technology giant Alibaba Group Holding Ltd. has announced Qwen3, a new family of artificial intelligence models that it says can outperform competing models from companies such as OpenAI and Google LLC. The new release underscores the rapid pace of development within China’s AI industry since DeepSeek Ltd. first burst onto the scene late last ...
ChatGPT goes after Google in online shopping
OpenAI is going after Google LLC with a series of updates to ChatGPT’s search capabilities, including a new shopping experience that offers product recommendations and click to buy links. The new shopping features announced in ChatGPT today will enable users to search for products and then purchase them after clicking on a link that redirects ...