Update
3M Expands AI Data Center Business
3M ($MMM) has granted Amazon ($AMZN) a seven-year warrant to purchase up to 3.16 million shares at $164.89 each, with most shares tied to Amazon's investment of $6 billion in 3M's data center products. Additionally, 3M plans to acquire a 4.7% stake in Taiwan's Genius Electronic Optical to expand optical technology production for AI data centers. The move is expected to benefit 3M from rising AI data center demand and may lead to growth in AI infrastructure spending.