Mike Wheatley
Latest from Mike Wheatley
JFrog beats expectations and offers strong guidance, and its stock soars
JFrog Ltd. delivered strong third-quarter results today that came in above Wall Street’s expectations. The software supply chain tooling company also provided a strong forecast for the coming quarter, despite seeing its business hurt by the conflict in Israel, where more than half of its employees are based. The strong report and confident guidance lifted JFrog’s ...
Confluent’s stock gets hammered on weak revenue guidance
Shares of the big-data software company Confluent Inc. took a pounding in the after-hours trading session today, losing more than a third of its value in response to light revenue guidance for the coming quarter and full year. The company reported strong third-quarter results that surpassed Wall Street’s expectations. It said it delivered earnings before ...
Qualcomm points to signs of recovery in smartphone sales, sending its stock higher
Smartphone chipmaker Qualcomm Inc. today reported fiscal fourth-quarter financial results that surpassed analysts’ expectations, offered strong guidance for the current quarter, and talked up its prospects in artificial intelligence, sending its stock up more than 3% in extended trading. The company reported a net profit for the quarter of $1.49 billion, down 48% from the ...
Box announces Vertex-powered generative AI tools to process and analyze documents faster
Cloud content management platform Box Inc. said today it will integrate with Google Cloud’s Vertex AI platform to enable enterprises to build generative artificial intelligence features that can help users more easily process and analyze data stored within Box Content Cloud. The integration with Vertex AI was announced as Box said it will expand its ...
FusionAuth raises $65M to its developer-friendly identity and access management platform
The developer-focused customer identity and access management platform FusionAuth said today it has closed a bumper $65 million investment from Updata Partners. The round marks the first time FusionAuth, officially known as Inversoft Inc., has raised capital externally. The company said it will use the funds to scale its go-to-market teams and accelerate product development. ...
AWS offers more flexible access to Nvidia GPUs for short-duration AI workloads
Amazon Web Services Inc. said today it’s launching a new consumption model for enterprises looking to reserve access to cloud-hosted graphics processing units for short-duration artificial intelligence workloads. Amazon Elastic Compute Cloud (EC2) Capacity Blocks for ML, generally available now, and allows customers to reserve access to “hundreds” of Nvidia Corp.’s most advanced H100 Tensor ...
Freshworks tops expectations and raises full-year outlook, sending its stock higher
Freshworks Inc., the customer service and support software provider that competes with Salesforce Inc., forecast annual revenue and profit above expectations on the back of “sustained demand” for its relatively affordable products, sending its stock higher after-hours. The company delivered strong third-quarter results too, with earnings before certain costs such as stock compensation coming to ...
AMD’s stock claws back initial losses as it forecasts $2B in AI chip sales in 2024
Updated with stock price rise on Wednesday: Shares of Advanced Micro Devices Inc. erased earlier losses in today’s extended trading session as the chipmaker talked up the opportunity it sees in artificial intelligence, just minutes after its guidance for the fourth quarter came up light. The company’s stock, which gained 2% during the regular session, ...
Domino Data bids to fast-track generative AI model development with project templates
Machine learning operations startup Domino Data Lab Inc. today announced a major update to its artificial intelligence development platform that it says will make it easier for companies to build generative AI models and other applications. The Fall 2023 release expands the AI Project Hub that was announced in June with various templates and code ...
Samsung says its chip business will recover in 2024 as AI drives renewed demand
South Korean technology giant Samsung Electronics Co. Ltd. said late today that it expects to see a slow recovery in demand for memory chips in the coming year, after reporting its biggest quarterly profit in fiscal 2023. The company said growing interest in devices that can power artificial intelligence workloads locally will boost demand for ...