It was the worst showing on a US exchange this year for an IPO raising $100 million or more, according to data compiled by Bloomberg.

While the major cloud providers are making more money thanks to a surge in cloud usage, Amazon's CFO emphasized that a key focus now is to help users save money and utilize only the services they need.

CEO Lisa Su said the company has passed 10 percent share of the server chip market.

The timing for 7nm chips “is shifting approximately six months relative to prior expectations.”

Subscriptions and cloud programs like Office and Azure continue to grow along with remote work -- but not enough for some investors, who have bid up tech stocks.

Nvidia made an approach in recent weeks about a potential deal, people with knowledge of the matter said.

Azure, Office 365, and Microsoft's gaming business "have all held up well in today's remote economy."

Its plans could change, as it evaluates the pandemic's impact on small and mid-size businesses, its main constituency.

Arm, which lost $400 million in the most recent fiscal year, is looking to cut costs and improve earnings.