Tesla has been one of tech’s underperformers on Wall Street this year but that’s no reflection of its business. The automaker reported revenue that doubled in the second quarter, compared with a year earlier, to $11.958 billion. By keeping a lid on expenses, Tesla managed to sharply lift its operating margin and net income, which hit $1.1 billion, up from $104 million a year earlier. That...
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Nvidia Deepens Push Into AWS’ Turf
Nvidia’s ambition to compete with Amazon Web Services is growing. Nvidia is best known for designing server chips for artificial intelligence, but it has been running a nascent cloud service for corporate customers that develop AI with those chips. Nvidia operates the service, DGX Cloud, with servers located in the data centers of Microsoft, Oracle and Google, which limits what Nvidia can...
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