Mike Wheatley
Latest from Mike Wheatley
Cloudflare’s stock falls hard on weak revenue outlook
Shares of Cloudflare Inc., one of the industry’s top content delivery network providers, were in free-fall in late trading today after the company provided a weak outlook for the current quarter, overshadowing a strong first-quarter performance that beat analysts’ expectations. The company reported a first-quarter net loss of $35.5 million, improving slightly on the $38.1 ...
Apple’s stock rises on record $110B buyback plan as earnings beat expectations
Shares of the iPhone maker Apple Inc. rose more than 7% in extended trading today after it reported earnings and revenue for its fiscal second quarter that topped expectations and revealed it’s expanding its stock repurchase program. The company said its board of directors has authorized $110 billion in share repurchases, up 22% from last ...
Confluent’s expands managed Apache Flink service to simplify data streaming for generative AI
Confluent Inc. today announced expanded capabilities for its managed service for Apache Flink, the open-source big data processing framework. Unlike the regular open-source Flink, it comes with a novel AI Model Inference feature that organizations can use to clean and process real-time streaming data for artificial intelligence and machine learning applications. In addition, the company announced ...
Fastly shocks investors with weak guidance and its stock plummets after-hours
Cloud-based edge infrastructure and content delivery network provider Fastly Inc. saw its stock lose almost a third of its value in late trading today following an outlook that shocked investors, coming well below most analysts’ expectations. For the current quarter, Fastly says it’s expecting revenue of between $130 million and $134 million, and the midpoint ...
Qualcomm’s stock rises as new generative AI capabilities boost premium smartphone sales
Smartphone chipmaker Qualcomm Inc. said sales of artificial intelligence-enabled smartphones boosted its sales as it delivered better-than-expected financial results today, and it also expects a similar performance in the coming quarter. Its stock was ticking up slightly in after-hours trading in a sign that investors welcomed the news. The company reported fiscal second-quarter net income of ...
Google cuts at least 200 employees from its developer teams in latest round of layoffs
Google LLC has axed at least 200 employees from various product development teams in another major round of layoffs. Although the company didn’t provide any specific number, CNBC reported today that a number of the layoffs were from Google’s “Core” teams, which are involved in the development of various flagship products, including some responsible for ...
CalypsoAI beefs up generative AI chatbot moderation with customizable security scanners
Generative artificial intelligence-focused security startup Calypso AI Corp. is beefing up its software-as-a-service offering with the launch of what it calls “next-gen security scanners” and enhanced functions for enterprise collaboration platforms such as Slack and Microsoft Teams. The new features, set to launch at the RSA security conference in San Francisco on May 6, are ...
AI server maker Super Micro’s 200% revenue growth wasn’t enough for investors as stock falls
Shares of Super Micro Computer Inc. fell more than 10% in extended trading today, after the company posted mixed financial results, beating Wall Street’s forecasts on earnings but falling short on revenue. However, the after-hours drop may well have been more about investors taking profits, rather than any long-term concerns over the company’s prospects. The ...
AMD’s stock falls after revised AI revenue outlook falls short of expectations
Investors bailed on the chipmaker Advanced Micro Devices Inc. in late trading today after the company offered a revised estimate for its fiscal 2024 data center revenue that fell short of expectations. AMD’s stock was down more than 7% in the after-hours trading session, even though it delivered to expectations in the quarter just gone. ...
Amazon’s stock inches up as cost-cutting measures and AI investment boost AWS profits
Shares of Amazon.com Inc. rose slightly today after the online retail giant delivered better-than-expected earnings, citing strong growth in the cloud and its advertising business as the main reasons for today’s beat. Amazon reported first-quarter earnings before certain costs such as stock compensation of 98 cents per share, handily beating Wall Street’s forecast of 83 ...