Mike Wheatley
Latest from Mike Wheatley
Samsung’s stock falls on fears of weakness in memory chip markets
South Korean technology giant Samsung Electronics Co. Ltd. delivered better-than-expected fourth-quarter revenue today, though it reported a sharp fall in operating profit as a result of higher research and development costs in its chip business. The company also warned investors that it’s likely to see only limited earnings growth in the first quarter, as a ...
Intel’s stock inches up on solid earnings and revenue beat
Shares of the troubled chipmaker Intel Corp. rose more than 3% after-hours on the back of solid fourth-quarter results that topped expectations, overshadowing somewhat disappointing guidance. The company reported earnings before certain costs such as stock compensation of 13 cents per share, squeezing past Wall Street’s consensus estimate of 12 cents per share. Revenue for ...
Apple reports record quarterly revenue despite iPhone sales miss
Apple Inc. has just delivered its “best quarter ever,” with record-breaking revenue helping to boost its stock even as iPhone sales missed expectations. That, added to a positive forecast for the coming quarter, sent the company’s stock higher in extended trading. The company reported fiscal 2025 first-quarter earnings before certain costs such as stock compensation ...
ServiceNow stumbles with revenue miss and tepid guidance for the year ahead
Investors punished ServiceNow Inc. for its mixed fourth-quarter results and disappointing forecast, with a sharp selloff sending its stock way down in the after-hours trading session today. The company reported fourth quarter earnings before certain costs such as stock compensation of $3.67 per share, narrowly beating the Street’s target of $3.65 per share. However, its ...
Meta crushes Wall Street’s profit targets as Zuckerberg dismisses DeepSeek threat
Shares of Facebook parent company Meta Platforms Inc. gained more than 2% in extended trading today after it posted solid fourth-quarter results that surpassed analysts’ expectations. Chief Executive Mark Zuckerberg (pictured) took the opportunity to heap praise on new U.S. President Donald Trump, saying his administration will redefine the company’s relationship with the government. Meta ...
Microsoft’s AI revenue grows, but its stock falls on lower guidance and spending concerns
The Microsoft Corp. stock price dipped after-hours despite a 10%rise in profit from its fiscal second quarter, as the company strives to capitalize on the massive investments it has made in artificial intelligence infrastructure. The company said its revenue from AI products and related services has now hit an annual run rate of $13 billion, growing ...
UVeye, which uses AI to enable drive-through vehicle checks, raises $191M
UVeye Inc., a startup using artificial intelligence as the basis of intelligent vehicle inspection technology, said today it has completed a $191 million extension to its Series D funding round, bringing its total amount raised to date to $380.5 million. The latest round was led by Woven Capital, the growth fund of Toyota Motor Co., ...
Quibim, a startup using AI imaging to aid in disease detection, raises $50M
A Spanish artificial intelligence startup called Quibim S.L. said today it has closed on a $50 million early-stage funding round to help accelerate the development of its foundational models for medical imaging. Today’s Series A round was led by Asabys, a leading venture capital firm based in Spain, and the private equity firm Buenavista. Others, ...
Hugging Face wants to reverse-engineer DeepSeek’s R1 reasoning model
Researchers from Hugging Face Inc. say they’re attempting to recreate Chinese startup DeepSeek’s R1 “reasoning model.” The initiative comes after R1 stunned the artificial intelligence community by matching the performance of the most capable models built by U.S. firms, despite being built at a fraction of the cost. Hugging Face researchers say the Open-R1 project aims ...
OpenAI launches ChatGPT Gov to accelerate government adoption of AI
OpenAI is trying to cozy up further with the U.S. government through the launch of “ChatGPT Gov,” a special version of its iconic chatbot that’s geared to federal agencies. The company said ChatGPT Gov will give government workers a more secure way to access its technology that meets the highest internal security standards. In a ...