Investing

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.

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.

The cloud-service provider filed with a listing size of $100 million, a placeholder amount that will likely change.