Mike Wheatley
Latest from Mike Wheatley
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. The company confirmed the acquisition plan just minutes after The Information first reported that it was “in talks” to buy Weights & Biases in a deal valued at $1.7 ...
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 ...
GitLab swings to a profit as it beats expectations, but guidance comes up light
DevOps company GitLab Inc. beat expectations on earnings and revenue as it delivered its fourth-quarter financial results, swinging to a profit in the process and sending its stock slightly higher in extended trading. The results were tempered by conservative guidance for the current quarter and full year, however, while the company’s managerial shakeup continued with ...
Google Cloud debuts powerful new AI capabilities for data scientists and doctors
Google Cloud’s artificial intelligence onslaught gained more momentum today, as the company announced a couple of interesting new capabilities today aimed at data scientists and medical professionals. For the former, it announced a new AI agent that promises to turbocharge data analysis for data science and machine learning projects, while the latter are getting some ...
ServiceNow’s newest AI agents bring intelligent automation to telecommunications firms
Enterprise workflow software giant ServiceNow Inc. is taking artificial intelligence-powered automation to the telecommunications industry, announcing its first AI agents for communications service providers at the MWC25 event in Barcelona today. The new AI agents were developed alongside Nvidia Corp., using the Nvidia AI Enterprise Software and AI Platform, and trained using the Nvidia DGX ...