Mike Wheatley
Latest from Mike Wheatley
Report: Design flaw discovery set to delay launch of Nvidia’s new Blackwell GPUs
Updated with Monday stock movement: Chipmaker Nvidia Corp. has told Microsoft Corp., Meta Platforms Inc., Google LLC and other customers that its upcoming, highly anticipated “Blackwell” B200 graphics processing units for artificial intelligence workloads are likely to be delayed by at least three months. A report Friday night by The Information said one of Nvidia’s ...
Cloudflare’s stock jumps as it cruises to a solid earnings and revenue beat
Content delivery network and cybersecurity tooling provider Cloudflare Inc.’s stock was heading higher in extended trading today, posting gains of more than 10% on the back of stellar second-quarter financial results and strong guidance. The company reported earnings before certain costs such as stock compensation of 20 cents per share on sales of $401 million, ...
Intel’s stock craters as it reveals plan to cut 15,000 jobs, 15% of its workforce
Updated with Friday stock close: Intel Corp. today confirmed reports from earlier this week that it will cut a significant number from its massive global workforce, saying it plans to lay off about 15,000 workers, or 15% of its total. The disclosure came on the back of a disappointing earnings report and lower guidance, and ...
Amazon’s stock slides on revenue miss and lower guidance despite cloud growth uptick
Shares of Amazon.com Inc. took a beating in extended trading today, falling more than 7% after the company reported revenue that came in below expectations and followed with lower guidance for the current quarter. The company reported second-quarter earnings before certain costs such as stock compensation of $1.26 per share, beating Wall Street’s consensus estimate ...
Google’s lightweight Gemma LLMs get smaller, but they perform even better than before
Google LLC is advancing its efforts in open-source artificial intelligence with three new additions to its Gemma 2 family of large language models, which it said are notably “smaller, safer and more transparent” than many of their peers. The company released its first Gemma models back in February. They’re different from its flagship Gemini models, ...
Shares of Arm and Qualcomm wobble after hours, despite solid earnings and revenue beats
Arm Holdings Plc and Qualcomm Inc. made strong gains during the regular trading session today, with their respective share prices up by more than 8%, but both stocks wavered in after-hours trading after the chipmakers posted their latest financial results. Arm’s stock took the biggest hit, falling more than 10% after it could only offer ...
Meta’s stock rises on strong earnings, revenue growth and confident outlook
Shares of Meta Platforms Inc. gained more than 6% in after-hours trading today after the company posted solid earnings and revenue that exceeded analysts’ expectations and provided a strong forecast for the current quarter. In its second-quarter financial results, Meta delivered earnings before certain costs such as stock compensation of $5.16 per share, crushing the ...
Intel reportedly set to announce another round of layoffs, involving ‘thousands’ of workers
Intel Corp. is reportedly preparing for a major workforce reduction, with thousands of Intel layoffs expected in the coming days. The company is taking cost-cutting measures as it pursues an ambitious plan to regain its status as the world’s top chipmaker. That’s according to a report from Bloomberg, which cites anonymous sources as saying the ...
Arista seizes the AI networking opportunity with strong earnings beat and revenue growth
Shares of Arista Networks Inc. traded higher in late trading today after the networking company forecast strong third-quarter revenue that surpassed Wall Street’s expectations. Arista said it’s anticipating strong demand for its networking gear from both cloud computing infrastructure providers and artificial intelligence applications. The strong forecast came after the company posted solid second-quarter results, with ...
AMD steps up to rival Nvidia in AI chip sector, as huge revenue gains send its stock higher
Advanced Micro Devices Inc. reported solid earnings and sales today and provided an upbeat revenue forecast for the coming quarter, pushing its stock higher in late trading. The results suggest AMD is finally emerging as a serious rival to Nvidia Corp. in the artificial intelligence chip industry, with its growth powered by strong sales of ...
