Veytics Intelligence
2026-10-19 · Yahoo

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

Investing.com -- 3M Company (NYSE:MMM) shares rose 3% in after-hours trading after the company announced a strategic commercial agreement with Amazon involving data center products. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month's list » The industrial conglomerate issued a warrant to an Amazon subsidiary to purchase up to 3,162,015 shares of 3M common stock over a seven-year period at $164.89 per share, according to a securities filing. The deal, formalized on October 19, 2026, centers on 3M supplying optical connectivity and other data center products to Amazon. Unsure what to buy ahead of earnings?

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