Mike Wheatley
Latest from Mike Wheatley
Intel CEO Lip-Bu Tan set to meet with Trump to discuss his business dealings
Under-fire Intel Corp. Chief Executive Lip-Bu Tan is due to meet his fiercest new critic, U.S. President Donald Trump, at the White House today to discuss calls for his resignation over alleged “conflicts of interest” resulting from his ties to Chinese businesses. According to the Wall Street Journal’s anonymous sources, the meeting is slated for ...
Twilio’s stock tanks on tepid earnings forecast
Shares of Twilio Inc. fell more than 10% in post-market trading after the communications and customer engagement software provider offered a third-quarter profit forecast that fell short of expectations. The drop came despite a solid showing in the previous three months. Twilio reported second-quarter earnings before certain costs such as stock compensation of $1.19 per ...
JFrog posts strong revenue growth and lifts its full-year forecast, and its stock jumps
Shares JFrog Ltd. hit their highest value in almost four years today after the software development company revealed strong revenue growth and raised its guidance for the full year. The company reported second-quarter earnings before certain costs such as stock compensation of 18 cents per share, edging past Wall Street’s target of 16 cents, while revenue ...
Apple pledges to invest $100B more in US manufacturing but doesn’t promise a 100% American-made iPhone
Apple Inc. Chief Executive Tim Cook stood alongside President Donald Trump at the White House today to announce his company will invest an additional $100 billion in its efforts to boost manufacturing in the U.S. The investment, which brings Apple’s total commitment to $600 billion, will create about 20,000 new jobs for American-based workers at the ...
Google makes Jules, its AI coding agent, available to everyone with free and paid plans
Google LLC said today it’s launching its artificial intelligence coding agent Jules in general availability, following a successful, months-long beta testing phase. The asynchronous agent is aimed at helping users write, test and improve software code. The company revealed Jules in December 2024 as a Google Labs project, before launching it in beta in May, shortly ...
Language learning app Duolingo’s stock jumps on rampant revenue and user growth
The popular mobile learning application Duolingo Inc. posted higher revenue in its second quarter, thanks to a sharp increase in total bookings and monthly active users, prompting the company to raise its full-year outlook ad sending its stock soaring after-hours. The company reported second-quarter earnings before certain costs such as stock compensation of 91 cents ...
AI bookkeeper Docyt debuts precision-trained AI agents to accelerate accounting automation
Docyt AI Inc. is building on the launch last year of its artificial intelligence-powered accountant GARY, unveiling a new AI engine that it says is purpose-built to automate complex bookkeeping workflows. The Docyt High Precision Accounting Intelligence engine is essentially an AI agent designed specifically for accounting tasks, and its launch follows a fresh funding ...
Arista Networks beats expectations and its profits rise, sending its stock higher
Shares of Arista Networks Inc. were flying high in late trading today after the company posted strong second-quarter results, beating expectations on earnings and revenue and seeing its adjusted operating income cross the $1 billion milestone for the first time. The company reported earnings before certain costs such as stock compensation of 65 cents per ...
Supermicro’s earnings, revenue and guidance all fall short, and its stock craters
Artificial intelligence server maker Super Micro Computer Inc. posted a declining profit today as it missed expectations on both earnings and revenue, sending its stock south in extended trading. The company reported fourth-quarter earnings before certain costs such as stock compensation of 41 cents per share, trailing Wall Street’s estimate of 45 cents. Revenue for ...
AMD’s earnings fall short from China chip ban despite good traction in AI
Advanced Micro Devices Inc.’s stock headed lower in extended trading today after it delivered mixed financial results, with earnings coming up short of Wall Street’s targets. The chipmaker reported second-quarter earnings before certain costs such as stock compensation of 48 cents per share, falling just shy of the Street’s forecast of a profit of 49 cents ...