According to an SEC filing, 3M granted an Amazon subsidiary a warrant to acquire up to about 3.16 million shares over seven years at $164.89 per share, and 3M stock rose 5.5% overnight. Most of the shares (85%) vest when Amazon's cumulative payments for optical connectivity and other data center products reach $6 billion, while the remaining 15% tie to event-based milestones the filing does not detail. Microsoft said in July it would use 3M's Expanded Beam Optical (EBO) technology in its Azure AI data centers, reflecting growing networking needs as AI expands. On Monday, 3M also announced a partnership with Taiwan-based Genius Electronic Optical Co. (GSEO) and a planned share purchase giving it an approximately 4.7% stake, with closing expected in the fourth quarter.
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