Mike Wheatley
Latest from Mike Wheatley
IoT asset tracking provider Samsara reports big jump in revenue, and its stock jumps too
Asset-tracking systems provider Samsara Inc. delivered strong fiscal fourth-quarter earnings results today and offered impressive guidance for the current quarter, sending its stock much higher in late trading. The company reported earnings before certain costs such as stock compensation of four cents per share, above its own forecast of two to three cents and ahead ...
MongoDB’s soft guidance prompts after-hours stock selloff
Shares of the database company MongoDB Inc. trended lower in extended trading today after it could offer only weak guidance for the current quarter. The company reported a fiscal fourth-quarter net loss of $55.5 million, down slightly from the $64.4 million loss it delivered one year ago. Earnings before certain costs such as stock compensation came ...
Broadcom beats analysts’ targets, but its stock cools on lower guidance
Chipmaking giant Broadcom Inc. topped Wall Street’s estimates for its fiscal first-quarter sales today as it continued to benefit from cloud infrastructure providers upgrading their data centers to support artificial intelligence, driving demand for its networking chips. However, the company’s stock fell slightly after-hours on somewhat disappointing guidance for the full year. Smaller rival Marvell ...
HP debuts next generation of ‘AI PCs’ plus new partner programs and services
One of the oldest technology companies in the business is embracing the industry’s hottest trends. HP Inc. today announced what it says is the largest-ever portfolio of “AI PCs,” which are designed from the ground up to support new generative artificial intelligence workloads. The new PCs were announced today in Las Vegas at HP Amplify, the ...
Blockchain-focused cryptography startup Zama raises $73M to protect data in use
Zama SAS, an open-source cryptography startup focused on building fully homomorphic encryption or FHE technology to protect privacy in blockchain and artificial intelligence applications, said today it has closed on a hefty $73 million early-stage round of funding. The Series A round was led by Multicoin Capital and Protocol Labs, and saw participation from Metaplane, ...
OpenAI hits back at Elon Musk, saying he supported its for-profit ambitions
ChatGPT creator OpenAI has hit back at Elon Musk, who is suing the company for chasing profits and forsaking its original, nonprofit mission of developing artificial intelligence to benefit all of humanity. In a blog post Tuesday night, OpenAI published a number of partly redacted emails sent from Musk to company officials. The emails appear ...
SAP beefs up its Datasphere platform with yet more generative AI
Enterprise software giant SAP SE is adding to its generative artificial intelligence capabilities with a raft of new features that will soon become available in the SAP Datasphere platform. The updates will enable users to interact with their business data more intuitively and help drive more intelligent business transformations, the company said. Among the new features ...
AWS follows Google Cloud in canceling egress fees, allowing customers to leave its cloud platform for free
Amazon Web Services Inc. says it will no longer charge customers so-called “egress fees” when they want to move large amounts of data out of its cloud, meaning they can now migrate to another platform without having to pay for the privilege. The company said in a blog post today that the offer is aimed ...
Couchbase’s revenue grows 20% and its stock rises in extended trading
Cloud database company Couchbase Inc. reported a 20% increase in its fourth-quarter revenue today, beating Wall Street’s expectations and sending its stock up more than 10% in extended trading. The company reported a fourth-quarter loss before certain costs such as stock compensation of six cents per share, easily topping the analyst consensus estimate, which called ...
Box delivers over $1B in annual revenue as AI momentum accelerates, sending stock higher
Shares of the cloud content management company Box Inc. rose in extended trading today after it posted solid financial results, delivering its first-ever $1 billion fiscal year and announcing a new, $100 million share-buyback program. The fiscal fourth-quarter results came as Box announced a new integration with its Box AI suite of generative artificial intelligence tools ...