3M stock rises 3% on $6B Amazon data center deal

What happened: 3M (NYSE:MMM) announced a strategic commercial agreement with Amazon covering data center products, including optical connectivity. Shares rose 3% in after-hours trading. Key numbers: Warrant covers up to 3,162,015 shares at $164.89 per share over seven years. Deal formalized October 19, 2026. 85% of shares vest on cumulative Amazon payments, with full vesting at $6 billion. Why it matters: The agreement expands the strategic commercial relationship between the two companies and positions 3M as a supplier for Amazon's data center infrastructure needs. Market: +5.0% today ($262.45), +15.9% YTD, 1.5x vol — as of 22:16 UTC Coverage: 4 outlets in 24h

3M (NYSE:MMM) announced a strategic commercial agreement with Amazon covering data center products, including optical connectivity. Shares rose 3% in after-hours trading.

The agreement expands the strategic commercial relationship between the two companies and positions 3M as a supplier for Amazon's data center infrastructure needs. Market: +5.0% today ($262.45), +15.9% YTD, 1.5x vol — as of 22:16 UTC