Amazon expanded its data center partnership with 3M and received a warrant to buy about $521.4 million of 3M stock. 85% of the warrant shares vest based on Amazon's payments for optical connectivity and other data center products, with full vesting once cumulative payments reach $6 billion. 3M issued the warrant to an Amazon subsidiary for up to 3.16 million shares at $164.89 each, exercisable over seven years. Apollo Global Management estimates U.S. hyperscalers could spend $916 billion on capital expenditures over the next 12 months. In after-hours trading, 3M rose 5.43% to $170.80 after closing 1.66% lower at $162.01, while Amazon closed 4.98% higher at $262.45.
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AMZN3Mdata centersAI investment
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Related tickers and likely impact
AMZN
▲ Likely positiveAmazon
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/19/2026 | 262.45 |
| Change that session | +4.98% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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