Mike Wheatley
Latest from Mike Wheatley
Google and Meta reportedly strike new, multibillion-dollar AI chip deal
Meta Platforms Inc. has reportedly agreed to a multibillion-dollar deal to rent Google Cloud’s custom artificial intelligence chips, according to a report in The Information today. The report cited anonymous sources as saying that the chips, known as tensor processing units, will be used by Meta to train and run its next-generation large language models. ...
CoreWeave’s stock drops on mixed results and plans to scale up AI spending
Shares of the cloud infrastructure company CoreWeave Inc. fell more than 9% in late trading today after it posted a bigger-than-expected loss per share and offered a weak revenue forecast for the current quarter. The company, which is laser-focused on the artificial intelligence industry, reported a fourth-quarter adjusted loss per share of 56 cents, bigger ...
Dell’s stock pops as soaring AI demand drives stellar 39% revenue increase
Updated with Friday stock price: Data center hardware and personal computer maker Dell Technologies Inc. easily beat Wall Street’s expectations today as it posted its latest financial results, benefiting from surging artificial intelligence demand. The company reported fourth-quarter earnings before certain costs such as stock compensation of $3.89 per share on sales of $33.38 billion, ...
Physical AI data infrastructure startup Encord lands $60M to accelerate intelligent robot and drone development
Data infrastructure startup Encord has closed on $60 million in new funding to help move robots, drones and other autonomous physical artificial intelligence systems from the lab into real-world production settings. Today’s Series C round was led by Wellington Management and new investors Bright Pixel and Isomer Capital. Existing backers including Y Combinator, CRV, N47, ...
Confluent Intelligence adds Streaming Agents into the mix to enable agent-to-agent collaboration
Big-data streaming company Confluent Inc. is beefing up its Confluent Intelligence platform to help artificial intelligence agents dig up more accurate data-based insights. Its new additions include Streaming Agents, which use the Agent2Agent protocol to connect with specialized external AI agents, and a Multivariate Anomaly Detection tool that can help companies to prevent major outages. ...
Growing AI demand drives solid Snowflake earnings and revenue beat
Big data company Snowflake Inc. provided a bullish forecast for its fiscal 2027 product revenue today, saying it’s benefiting from booming enterprise demand for artificial intelligence tools, which drives more customers to its data analytics platform. In its fourth-quarter results, the company delivered adjusted earnings of 32 cents per share, easily beating Wall Street’s target ...
Salesforce beats expectations as it doubles down on AI agents, but investors are still worried
Salesforce Inc. clocked up its highest-ever quarterly revenue as it delivered its latest financial results, beating expectations, but its revenue guidance for the new fiscal year trailed Wall Street’s projections. The customer relationship management software giant crushed Wall Street’s expectations, delivering fourth-quarter earnings before certain costs such as stock compensation of $3.81 per share, well ...
Nvidia tops Wall Street’s expectations again as data center revenue surges 75%, but stock sags
Updated with Thursday’s stock price: Nvidia Corp. sailed past analysts’ earnings expectations again as revenue in its core data center business jumped more than 75% from a year earlier, sending its stock higher in after-hours trading — but the next day investors were less impressed, as its stock headed down more than 4% in middday ...
HP’s stock falls after management tempers full-year expectations amid soaring memory costs
Personal computer maker HP Inc. delivered solid fiscal first-quarter results that came in ahead of expectations today, but its stock was dropping in late trading after it provided a disappointing update on its full-year outlook. The company reported first-quarter earnings before certain costs such as stock compensation of 81 cents per share on sales of ...
Workday’s stock slumps again on weak guidance and AI disruption fears
Shares of Workday Inc. got hammered in late trading today after the company offered weak guidance for the current quarter. It was the worst possible news for investors amid growing concerns over the existential threat it faces from the rise of artificial intelligence. And it happened even as the company delivered solid results for the ...