Mike Wheatley
Latest from Mike Wheatley
HPE to lay off 2,500 staff as stock craters on mixed earnings results and tariffs
Shares of Hewlett Packard Enterprise Co. cratered in extended trading today after the company’s fiscal first-quarter earnings results were overshadowed by a big round of layoffs and a warning that incoming tariffs are likely to affect its results in the future. The company, which primarily sells servers, storage arrays and software for enterprise data centers, ...
Broadcom’s stock bounces back on strong earnings and guidance powered by AI chip demand
The computer chipmaker Broadcom Inc. posted better-than-expected financial results and offered a strong forecast for its fiscal second-quarter revenue, citing continued strong demand for its custom artificial intelligence chips. The strong results helped to ease concerns about beaten-down AI stocks, which surfaced yesterday after fellow chipmaker Marvell Technology Inc. only just delivered to expectations and ...
Armed with new funding, Axelera AI debuts Titania, its latest low-power chip for edge AI inference
Artificial intelligence chipmaker Axelera AI B.V. today announced Titania, the next generation of its low-power yet high-performance silicon for running generative AI and computer vision inference workloads at the network edge. Coinciding with the launch of Titania, the company also revealed yet more funding. It has raised €61.6 million ($66.5 million) from the EuroHPC Joint ...
Custom AI chipmaker Marvell’s stock tumbles after-hours, despite earnings and revenue beat
Chipmaker Marvell Technology Inc. delivered better-than-expected results and guidance in its latest financial report today, but investors were decidedly unimpressed, and its stock fell hard in the after-hours trading session. The company reported fourth-quarter earnings before certain costs such as stock compensation of 60 cents per share, just edging past Wall Street’s target of 59 ...
MongoDB finally turns a profit but its shares plunge on weak guidance
MongoDB Inc. finally delivered a quarterly profit as it posted its fiscal 2025 fourth-quarter results, crushing the Street’s targets on earnings and revenue. However, its outlook for the new fiscal year was a big disappointment, sending investors running for the hills as the value of its stock plummeted in late trading. The company reported earnings ...
IPO-bound CoreWeave to buy AI developer Weights & Biases for a reported $1.4B
Cloud-based artificial intelligence infrastructure startup CoreWeave Inc. today announced it plans to buy the AI model development firm Weights & Biases Inc. for an undisclosed price, a move that aligns with CoreWeave’s growth strategy ahead of its much-anticipated CoreWeave IPO. The company confirmed the acquisition plan just minutes after The Information first reported that it ...
Amazon’s Swami Sivasubramanian to lead new group focused on AI agents
Amazon.com Inc. is getting serious about artificial intelligence-powered agents, and has reportedly formed a new group within its cloud infrastructure business to focus on the technology. According to an internal email seen by Reuters, the group will focus on ways in which AI agents can automate more of its customer’s lives. The email, which was ...
Box’s stock falls as executives warn of foreign exchange hit on profits
The cloud storage company Box Inc. beat Wall Street’s targets by the narrowest of margins in its latest earnings results, but it warned that current-quarter profit will take a significant hit from the strength of the U.S. dollar. Investors recoiled at the prospect, and Box’s stock sank more than 8% after-hours. The Redwood, California-based company ...
Penguin Solutions revamps its software to automate mass-scale AI infrastructure deployments
Artificial intelligence infrastructure management company Penguin Solutions Inc. said today it’s expanding its flagship ICE ClusterWare platform so customers can use it as a foundation for building “fully optimized AI ecosystems” that can scale up as they grow. New features include multi tenancy support and streamlined workflows, and a new ICE ClusterWare AIM service, which ...
GPU cloud operator CoreWeave files to go public
Cloud computing infrastructure provider CoreWeave Inc. is eying the public markets, hoping to cash in on investors’ insatiable appetite for all things artificial intelligence. The company said today it has filed the necessary paperwork for its initial public offering with the U.S. Securities and Exchange Commission, and the documents reveal it will trade on the ...