Mike Wheatley
Latest from Mike Wheatley
Updated with Friday stock close: Intel Corp. today confirmed reports from earlier this week that it will cut a significant number from its massive global workforce, saying it plans to lay off about 15,000 workers, or 15% of its total. The disclosure …
Amazon’s stock slides on revenue miss and lower guidance despite cloud growth uptick
Shares of Amazon.com Inc. took a beating in extended trading today, falling more than 7% after the company reported revenue that came in below expectations and followed with lower guidance for the current quarter. The company reported second-quarter earnings before certain costs …
Google’s lightweight Gemma LLMs get smaller, but they perform even better than before
Google LLC is advancing its efforts in open-source artificial intelligence with three new additions to its Gemma 2 family of large language models, which it said are notably “smaller, safer and more transparent” than many of their peers. The company released its …
Shares of Arm and Qualcomm wobble after hours, despite solid earnings and revenue beats
Arm Holdings Plc and Qualcomm Inc. made strong gains during the regular trading session today, with their respective share prices up by more than 8%, but both stocks wavered in after-hours trading after the chipmakers posted their latest financial results. Arm’s stock …
Meta’s stock rises on strong earnings, revenue growth and confident outlook
Shares of Meta Platforms Inc. gained more than 6% in after-hours trading today after the company posted solid earnings and revenue that exceeded analysts’ expectations and provided a strong forecast for the current quarter. In its second-quarter financial results, Meta delivered earnings …
Intel reportedly set to announce another round of layoffs, involving ‘thousands’ of workers
Intel Corp. is reportedly preparing for a major workforce reduction, with thousands of Intel layoffs expected in the coming days. The company is taking cost-cutting measures as it pursues an ambitious plan to regain its status as the world’s top chipmaker. That’s …
Arista seizes the AI networking opportunity with strong earnings beat and revenue growth
Shares of Arista Networks Inc. traded higher in late trading today after the networking company forecast strong third-quarter revenue that surpassed Wall Street’s expectations. Arista said it’s anticipating strong demand for its networking gear from both cloud computing infrastructure providers and artificial intelligence …
AMD steps up to rival Nvidia in AI chip sector, as huge revenue gains send its stock higher
Advanced Micro Devices Inc. reported solid earnings and sales today and provided an upbeat revenue forecast for the coming quarter, pushing its stock higher in late trading. The results suggest AMD is finally emerging as a serious rival to Nvidia Corp. in …
Credo AI raises $21M to help enterprises deploy AI safely and responsibly
Artificial intelligence governance software startup CredoAI Inc. said today it has closed on a $21 million funding round to help enterprises advance the development of AI in a more responsible way. Today’s round was led by CrimsoNox Capital, Mozilla Ventures and FPV …
Vector database startup Weaviate debuts ‘AI workbench’ and flexible storage tiers
AI-native vector database startup Weaviate B.V. is expanding into artificial intelligence development with the launch of a new “workbench” that consists of various cloud-based applications and tools for developers, along with a flexible, tiered storage offering. The company said it was inspired …