Mike Wheatley
Latest from Mike Wheatley
Gravis Robotics AG said today it has bagged $200 million in funding from SoftBank Group Corp. in what is the largest-ever Series A round for a construction robotics startup. The startup was founded in 2022 after being spun out of the Swiss …
Applied Materials delivers earnings above estimates, but Wall Street isn’t impressed
Applied Materials Inc. beat expectations on both earnings and revenue in its third-quarter financial results today, and followed up with strong guidance for the current quarter, but its stock fell in the wake of elevated expectations from investors. Though the company is …
Workday’s stock jumps 17% on report of Silver Lake buyout discussions
Shares of the human resources management software company Workday Inc. jumped almost 18% today after a report emerged that it’s holding acquisition talks with the private equity firm Silver Lake. Reuters said Silver Lake is prepared to pay up to $43 billion …
AI chipmaker Cerebras Systems’ stock plunges, despite posting solid earnings and guidance
Chipmaker Cerebras Systems Inc. boosted its full-year guidance after beating expectations on earnings and “core” revenue as it published its second-quarter results today, but its stock tumbled more than 17% in extended trading. The company reported an adjusted loss of five cents …
AI infrastructure spending boosts Cisco’s earnings and revenue, but its stock declines after-hours
Networking giant Cisco Systems Inc. coasted to a solid earnings and revenue beat and issued strong guidance for the current quarter, but a drop in gross margins seems to have spooked investors, sending its stock down in late trading today. The company …
Google debuts SL2T, an AI model that’s designed to understand sign language
Google DeepMind said today it wants to bring the artificial intelligence revolution to the estimated 70 million people across the world who are either deaf or hard of hearing with the launch of sign-language-to-text or SL2T. In a blog post, Google’s AI …
CodeRabbit bags $143M to help companies get a grip on the explosion of AI-generated code
CodeRabbit Inc., the creator of a popular tool that automatically reviews artificial intelligence-generated code, is becoming more ambitious after closing on its latest $143 million Series C round of funding. Alongside the round, it announced the launch of a new Agentic Change …
Server maker Supermicro’s stock soars on crushed earnings results and soaring profits
Data center server maker Super Micro Computer Inc. seems to be back in Wall Street’s good graces after delivering an impressive earnings beat in its fourth quarter reported today. The company surprisingly missed expectations on revenue, but the big beat on its …
CoreWeave coasts to a solid earnings beat, sending its stock higher after-hours
Shares of the artificial intelligence data center firm CoreWeave Inc. jumped more than 14% in extended trading today after it delivered solid financial results that easily beat Wall Street’s projections. The company reported a second-quarter loss before certain costs such as stock …
Nvidia taps Wall Street for a half-trillion dollars to fuel global AI infrastructure buildout
Some of Wall Street’s biggest financial firms are partnering with Nvidia Corp. to pour a half-trillion dollars of funding into the artificial intelligence industry’s massive infrastructure buildout. Nvidia said today it has struck deals with Apollo Global Management Inc., BlackRock Inc., Blackstone …