Mike Wheatley
Latest from Mike Wheatley
Google Cloud delivers enhanced generative AI capabilities to SAP customers
Google Cloud and SAP SE say they’re building on their longstanding relationship with a number of new integrations across artificial intelligence and infrastructure aimed at helping SAP users better innovate and manage their data. At SAP’s annual Sapphire event today, they announced a host of new offerings, including a new platform for managing supply chains ...
GitLab delivers strong earnings beat and raises guidance, but investors are unimpressed
Shares of GitLab Inc. were trading slightly lower in the after-hours session today, even though the company reported strong fiscal first-quarter earnings and revenue and followed that with strong guidance. The company reported a profit before certain costs such as stock compensation of four cents per share, easily beating the Street’s forecast of a loss ...
Amazon’s Project P.I. uses generative AI to scan packages for defective products
Amazon.com Inc. today revealed one of the more practical ways in which it’s putting generative artificial intelligence technology to use.:The company explained that Project P.I. is an AI-powered system that combines generative AI with computer vision to reduce the number of products with defects that are shipped out of its fulfillment centers. Project P.I. works ...
Booming AI chip demand helps Marvell offset alarming revenue declines elsewhere but stock sags
Semiconductor manufacturer Marvell Technology Inc. rode the wave of artificial intelligence demand to deliver solid earnings and revenue in its first quarter, but its stock fell a bit after-hours on a day when many other tech companies saw massive declines. The company reported earnings before certain costs such as stock compensation of 24 cents per ...
MongoDB’s stock tanks on lower guidance
A disappointing forecast for the coming quarter and full year sent database company MongoDB Inc. headlong into a tailspin today, as the value of its stock dropped like a lead balloon in after-hours trading today. The company’s dismal guidance is the latest in a string of subpar financial forecasts from enterprise software vendors. Investors had feared ...
Dell’s stock plummets as rising AI server demand eats away at its gross margin, but AI boosts NetApp
Shares of Dell Technologies Inc. cratered in extended trading today as analysts raised concerns over the impact of rising demand for artificial intelligence servers on the company’s overall profitability. Dell officials said they expect the company’s gross margin to fall by roughly 150 basis points in fiscal 2025, as a result of the increased mix ...
Rising commercial PC sales help HP beat earnings and revenue targets
Personal computer maker HP Inc. delivered a decent earnings and revenue beat today as it revealed its latest financial numbers, sending its stock up by about 2% in the after-hours trading session. The company’s results highlight the ongoing recovery of the global PC market, driven partly by a new generation of so-called AI PCs. HP reported ...
Shares of Nutanix plunge on lower guidance, while Pure Storage jumps on bullish forecast
The fortunes of data center infrastructure providers Nutanix Inc. and Pure Storage Inc. are in stark contrast today, with the companies offering very different outlooks for the current quarter. Nutanix’s shares fell more than 16% after-hours on guidance that came in below Wall Street’s forecasts, while Pure was up by over 9% after posting an ...
UiPath’s stock plummets as CEO Rob Enslin abruptly resigns and guidance disappoints
Updated with Thursday stock price: Shares of the automation software company UiPath Inc. were battered in after-hours trading today and were falling more than 35% Thursday after it shocked investors with a surprise leadership change and followed up with poor guidance. The company said Chief Executive Rob Enslin (pictured) will resign, effective June 1. He will be replaced ...
Harness acquires Split Software to enable feature flag experimentation in software workflows
Continuous software delivery startup Harness Inc. said today it has entered into a definitive agreement to acquire a rival company called Split Software Inc., which specializes in feature flag management and experimentation. Harness said it intends to integrate Split’s capabilities into its own platform, so its customers will be able to experiment and deploy new features ...
