Mike Wheatley
Latest from Mike Wheatley
Sluggish chip sales curtail Samsung’s profits, worrying investors
Samsung Electronics Co. Ltd.’s third-quarter profit jumped by 73% from a year earlier, but although that number sounds good, it wasn’t nearly enough to satisfy investors. That’s because the pace of acceleration was significantly lower than it was just three months ago, increasing investors’ concerns that the company is struggling to cash in on the ...
Meta’s stock heads south on slow user growth and ongoing infrastructure investments
Shares of Facebook parent company Meta Platforms Inc. were heading lower in late trading today after the company reported lower-than-expected user numbers and revealed plans to ratchet up its data infrastructure spending in fiscal 2025. The disclosures came as Meta revealed its fiscal 2024 third-quarter financial results, delivering a solid beat on both earnings and ...
Microsoft’s AI bet pays off as Azure revenue grows, but stock falls on infrastructure supplier delays
Microsoft Corp. delivered a solid fiscal first quarter earnings beat today, but its stock was moving lower after its guidance revealed slower-than-expected growth over the next quarter. The company reported earnings before certain costs such as stock compensation of $3.30 per share, comfortably ahead of Wall Street’s target of $3.10 per share, while revenue jumped ...
Google Cloud turbocharges its AI Hypercomputer stack with next-gen TPUs and bigger GPU clusters
Google Cloud is updating its AI Hypercomputer stack for artificial intelligence workloads, announcing the availability of a host of new processors and infrastructure software offerings. Today it announced the availability of its Google’s sixth-generation tensor processing unit, the Trillium TPU, plus the imminent availability of the new A3 Ultra virtual machines powered by Nvidia Corp.’s ...
GitHub Copilot goes multimodel, adding support for Google’s Gemini and Anthropic’s Claude LLMs
Microsoft Corp.’s GitHub sprung a surprise today as it revealed that its popular generative artificial intelligence coding assistant, GitHub Copilot, will no longer be powered exclusively by OpenAI’s GPT models. Instead, the company said at its annual GitHub Universe event that it’s adopting a multimodel approach, giving developers the opportunity to tap models from rival ...
AMD’s guidance leaves investors wanting more, and its stock tumbles
Advanced Micro Devices Inc. disappointed investors with a tepid sales forecast today, and its stock was heading south during the extended trading session. The company’s stock was down more than 7% after hours, despite solid third-quarter earnings that met expectations and revenue that came in ahead of them. AMD reported earnings before certain costs such ...
Alphabet’s stock jumps as cloud fuels strong revenue growth
Shares of Google LLC’s parent company Alphabet Inc. trading higher in the after-hours session today following a solid earnings beat driven by strong cloud revenue growth. Alphabet’s stock was up more than 5% in extended trading, adding to a slight gain made during the regular trading session. The company reported third-quarter earnings before certain costs such ...
Nvidia hands out blueprints for the creation of scalable ‘AI factories’
Nvidia Corp. said today it wants to help organizations plan and build advanced, future-proof “artificial intelligence factories” to support a new generation of intelligent applications that will come online in the years ahead. When Nvidia talks about AI factories, what it really means is high-performance and secure data centers designed to “manufacture intelligence,” and it ...
Pegasystems moves the needle on generative AI development with Pega Infinity updates
Pegasystems Inc., the low-code automation software company, is enhancing its suite of artificial intelligence development tools today with a host of new updates. The new capabilities within the Pega Infinity platform are all about accelerating the development of generative AI in particular, with the goal of building applications that can enhance employee productivity and optimize ...
Moveworks taps agentic AI to aid in enterprise search
Generative AI copilot company Moveworks Inc. today announced the immediate availability of a new enterprise search tool powered by an innovative new “reasoning engine” that’s better able to understand what users are trying to achieve. The company is building on its flagship product, a generative artificial intelligence copilot that can be embedded into every enterprise ...
