Mike Wheatley
Latest from Mike Wheatley
Intel Corp. Chief Executive Pat Gelsinger is expected to present a plan to the company’s board of directors this month that will outline the next steps of its ongoing restructuring, as it looks to revive its flagging chipmaking business. The company, which …
Strong AI chip demand and improved guidance boost Marvell’s stock after-hours
After a string of less-than-impressive earnings results that weighed heavily on its stock, Marvell Technology Inc. headed in the opposite direction today. The company delivered earnings in line with expectations and revenue that beat Wall Street’s targets, then offered an upbeat outlook for …
Strong beat and raise helps MongoDB’s stock surge more than 13% after-hours
Shares of the database company MongoDB Inc. made strong gains in the after-hours trading session today following a crushing second-quarter earnings beat and a raise in its full-year guidance. The company reported earnings before certain costs such as stock compensation of 70 …
Dell’s stock rises on crushing earnings beat driven by AI server sales
Booming sales of servers for artificial intelligence workloads helped Dell Technologies Inc. to deliver a crushing earnings and revenue beat in its latest financial quarter, sending its stock higher in extended trading. The company reported second-quarter earnings before certain costs such as …
Data storage leaders Pure Storage, NetApp and Nutanix all beat Wall Street’s targets
Shares of data center storage rivals Pure Storage Inc. and NetApp Inc. took a hit in extended trading today, despite posting earnings and revenue that beat expectations, but both companies were completely overshadowed by Nutanix Inc. Nutanix crushed Wall Street’s estimates, sending …
PC sales rebound helps HP return to revenue growth, but its stock falls on earnings miss
HP Inc. beat Wall Street’s expectations on revenue in its latest quarter, but came up short in terms of profit, and its stock fell more than 4% in extended trading. The company said personal computer sales rose more than expected, helping it …
Salesforce beats earnings estimates as it talks up its new AI agents
Shares of Salesforce Inc. rose just over 4% in extended trading today after the company reported strong second-quarter results that came in ahead of Wall Street’s estimates and raised its full-year earnings outlook. The company also revealed that longtime Chief Financial Officer …
Cisco snaps up AI model and data security startup Robust Intelligence
Cisco Systems Inc. said Monday it’s finalizing the acquisition of an artificial intelligence-focused security startup called Robust Intelligence Inc. for an undisclosed price. Robust Intelligence has created a platform that’s designed to protect AI models and the data they feed on throughout …
Shares of Box surge in extended trading as generative AI bets start paying off
Shares of the cloud content company Box Inc. rose in after-hours trading today after it delivered second-quarter financial results that surpassed estimates and it raised its full-year forecast. The company reported earnings before certain costs such as stock compensation of 44 cents …
Cerebras Systems throws down gauntlet to Nvidia with launch of ‘world’s fastest’ AI inference service
Ambitious artificial intelligence computing startup Cerebras Systems Inc. is raising the stakes in its battle against Nvidia Corp., launching what it says is the world’s fastest AI inference service, and it’s available now in the cloud. AI inference refers to the process …