Mike Wheatley
Latest from Mike Wheatley
Nvidia Corp. announced early Monday that its most powerful artificial intelligence chip yet, the GH200 Grace Hopper Superchip, is now in full production. The Nvidia GH200 Superchip (pictured) has been designed to power systems that will run some of the most sophisticated and …
US slams China’s ban on buying Micron chips as ‘economic coercion’
U.S. Commerce Secretary Gina Raimondo said late Saturday that her country “won’t tolerate” China’s recent ban on the purchase of memory chips from Micron Technology Inc. and added that the U.S. government is working closely with its allies to counter what she termed “economic coercion.” …
No deal: New Relic ends talks with private equity firms over leveraged buyout
Talks on a possible acquisition of New Relic Inc. by the private equity firms Francisco Partners Management LP and TPG Inc. have reportedly broken down. A report Friday by Reuters that cites people familiar with the matter said the two suitors were …
Shares of Marvell jump sky-high as it forecasts AI chip revenue to double
Updated: Marvell Technology Inc. topped expectations in its fiscal first-quarter financial results today and said it’s expecting revenue from artificial intelligence to at least double this year, sending its stock sky-high in extended trading. The company reported a net loss for the …
Strong earnings beat sends Workday’s stock higher
Human resources software pioneer Workday Inc. beat expectations in its fiscal first-quarter financial results today and hired a new chief financial officer, sending its stock higher in extended trading. The company reported a net profit of $136,000 for the quarter, working out …
UiPath’s stock gets hammered on soft revenue guidance
Business automation software company UiPath Inc. reported a strong earnings and revenue beat only to see its shares get creamed in extended trading after it issued a tepid forecast for the current quarter. The soft revenue forecast for the second quarter prompted …
Snowflake’s stock falls on guidance miss, as it confirms plans to acquire Neeva
Shares of the cloud data warehouse company Snowflake Inc. sank in extended trading today after the company slashed its full-year outlook, sparking concerns about its exposure to reduced enterprise technology spending. Snowflake did at least beat expectations as it delivered its first …
Nvidia’s stock soars 26% on strong sales forecast amid surging demand for AI chips
Chipmaker Nvidia Corp. comfortably beat expectations as it posted its fiscal first-quarter results today, before delivering a revenue forecast that blew Wall Street’s projections out of the water, sending its stock up an incredible 26% in trading Thursday. The company reported net …
API simulation platform WireMock raises $6.5M in seed funding
WireMock Inc., creator of an application programming interface-focused productivity platform for developers, said today it has raised $6.5 million in seed funding. Today’s round was led by Ridge Ventures and include participation from First Rays Venture Partners, Scribble Ventures and a number …
Alteryx integrates generative AI to power advanced data analytics insights and workflows
Big-data company Alteryx Inc. said today it has created a new artificial intelligence, machine learning and generative AI engine for the Alteryx Analytics Cloud Platform to accelerate customer’s efficiency and productivity. At its annual user conference Inspire 2023, the company revealed Alteryx …