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.
The CEO said his clients were seeing value in IBM’s cloud offering “at a time of unprecedented business disruption.”