Mike Wheatley
Latest from Mike Wheatley
Freshworks Inc., the customer service and support software provider that competes with Salesforce Inc., forecast annual revenue and profit above expectations on the back of “sustained demand” for its relatively affordable products, sending its stock higher after-hours. The company delivered strong third-quarter …
AMD’s stock claws back initial losses as it forecasts $2B in AI chip sales in 2024
Updated with stock price rise on Wednesday: Shares of Advanced Micro Devices Inc. erased earlier losses in today’s extended trading session as the chipmaker talked up the opportunity it sees in artificial intelligence, just minutes after its guidance for the fourth quarter …
Domino Data bids to fast-track generative AI model development with project templates
Machine learning operations startup Domino Data Lab Inc. today announced a major update to its artificial intelligence development platform that it says will make it easier for companies to build generative AI models and other applications. The Fall 2023 release expands the …
Samsung says its chip business will recover in 2024 as AI drives renewed demand
South Korean technology giant Samsung Electronics Co. Ltd. said late today that it expects to see a slow recovery in demand for memory chips in the coming year, after reporting its biggest quarterly profit in fiscal 2023. The company said growing interest …
Arista Networks’ stock jumps as it forecasts strong revenue on higher enterprise spending
Shares of the cloud networking company Arista Networks Inc. gained more than 9% in extended trading today after it beat Wall Street’s expectations with its third-quarter results and offered strong guidance thanks to improving supply chain restraints and renewed enterprise spending in coming …
Juniper beats expectations as enterprises step up hardware spending
Networking infrastructure supplier Juniper Networks Inc. beat forecasts on earnings and revenue as it benefited from higher spending by clients, sending its stock up more than 6% in after-hours trading late today. Juniper’s results, which were reported on a preliminary basis, provide …
Intel beats expectations, reveals new foundry customers and traction in AI, sending its stock higher
Chipmaker Intel Corp.’s stock gained almost 8% in the extended trading session today after it delivered an upbeat forecast, beat expectations on profit and sales, talked up new customers for its nascent foundry business, and revealed growing traction in artificial intelligence. The …
Amazon delivers strong earnings and revenue beat, but cloud growth remains sluggish
Despite its cloud unit falling short of investor hopes, Amazon.com Inc. delivered third-quarter earnings and revenue that easily surpassed Wall Street’s, sending its stock higher in extended trading. The company reported earnings before certain costs such as stock compensation of 94 cents …
ServiceNow’s stock rises as it tops analysts’ predictions
ServiceNow Inc., the information technology workflow management company, posted better-than-expected third-quarter financial results today, sending its stock higher in extended trading. The company reported a net income of $242 million for the quarter, with earnings before certain costs such as stock compensation …
Meta bests forecast but uncertainty over Middle East war weighs on stock
Shares of Facebook’s parent company Meta Platforms Inc. took a hit in extended trading today after it easily beat Wall Street’s expectations comfortably only to spook investors with ambiguousness over its prospects in the next financial year. The company delivered net income …