3M Expands Amazon Partnership
Industrial conglomerate 3M is expanding its partnership with Amazon by issuing a stock warrant worth over 521 million dollars. Shares rose following the news as tech companies increase spending on data center infrastructure.
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3M CO expanded its commercial data center partnership with AMAZON.COM INC, issuing a stock warrant worth over $521 million on Monday evening. The agreement broadens ties as tech companies accelerate infrastructure spending for artificial intelligence. Shares of 3M rose more than 5% in extended trading following the announcement.
