Mike Wheatley
Latest from Mike Wheatley
Cloud services provider Rackspace Technology Inc. is building up its momentum in generative artificial intelligence, forging a key partnership with Dell Technologies Inc. and Nvidia Corp. to offer customers access to the full-stack infrastructure, software and expertise needed to run advanced AI …
Strong earnings and revenue beat helps Twilio’s stock recover lost ground
Shares of Twilio Inc. surged higher in extended trading today after the company beat Wall Street’s expectations in its second-quarter financial results. Twilio’s earnings and revenue both topped analysts’ forecasts, and its stock gained more than 6% after-hours, completely reversing a decline …
EU launches investigation into Adobe’s proposed $20B acquisition of Figma
The European Commission said today it’s opening a full-scale investigation into Adobe Inc.’s proposed $20 billion acquisition of Figma Inc., a provider of cloud-based design tools. According to the European Commission, a preliminary review of the deal triggered major concerns that it …
Palantir’s stock rises on growing profitability and strong guidance
Data analytics software provider Palantir Technologies Inc. delivered earnings and revenue that exactly matched Wall Street’s expectations today. It also offered strong guidance and announced a new $1 billion share buyback plan, sending its stock up slightly in extended trading. The company …
Shares of big-data company Alteryx hammered on soft guidance
Shares of the big-data software company Alteryx Inc. went into a tailspin in extended trading today after the company issued a grim forecast for the current quarter that came in well below estimates. Adding to its woeful third-quarter guidance, the company also …
Microsoft debuts ND H100 v5 virtual machines featuring Nvidia’s most powerful GPUs
Microsoft Corp. wants to entice enterprises to bring their most advanced artificial intelligence projects to the Azure cloud platform, and it’s doing so by offering access to the latest and most powerful graphics processing units from Nvidia Corp. The company said today …
Federal judge narrows scope of Google antitrust lawsuit brought by DOJ and states
Google LLC will not have to answer allegations by dozens of U.S. states that the design of its search engine results page harms rival platforms such as Expedia Group Inc. or Yelp Inc., a federal judge ruled in an opinion that was …
Cloud growth helps Appian beat expectations, but profitability concerns weigh on stock
Appian Corp., the business automation software provider, posted a solid earnings and revenue beat today as it delivered its second quarter results. But the results didn’t create a lot of enthusiasm, and its stock was trading a couple of percentage points lower …
Strong earnings and revenue beat send Dropbox’s stock higher
Shares of the file-sharing company Dropbox Inc. gained more than 4% in extended trading today after it beat analysts targets on earnings and revenue in its second quarter. The company reported earnings before certain costs such as stock compensation of 51 cents …
Amazon delivers surprisingly good earnings results as AWS growth starts to stabilize
Amazon.com Inc. appears to be back in business after posting second-quarter earnings results today that easily topped Wall Street’s estimates. It followed up with a forecast of accelerating revenue growth in the current quarter too, sending its almost 10% higher in extended …