3M rises after disclosing expanded Amazon data center products relationship

What happened: 3M ($MMM) disclosed an expanded strategic commercial agreement making it a supplier of optical connectivity and other data center products to Amazon ($AMZN). 3M also announced a collaboration with Taiwan-based Genius Electronic Optical on Expanded Beam Optical solutions. Key numbers: 3M shares rose 5.4% post-market Monday. Why it matters: The deal positions 3M as a supplier into Amazon's data center buildout, and the warrant structure ties vesting to Amazon's product payments. Amazon has previously taken warrants in suppliers such as Generac and Qualcomm. Market: +5.0% today ($262.45), +15.9% YTD, 1.4x vol — as of 23:45 UTC Coverage: 3 outlets in 24h

3M ($MMM) disclosed an expanded strategic commercial agreement making it a supplier of optical connectivity and other data center products to Amazon ($AMZN). 3M also announced a collaboration with Taiwan-based Genius Electronic Optical on Expanded Beam Optical solutions.

The deal positions 3M as a supplier into Amazon's data center buildout, and the warrant structure ties vesting to Amazon's product payments. Amazon has previously taken warrants in suppliers such as Generac and Qualcomm. Market: +5.0% today ($262.45), +15.9% YTD, 1.4x vol — as of 23:45 UTC