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Cranberry Journal

Friday, October 23, 2026

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At the close · Oct 23

AI Infrastructure

Tagged stories

A bundle of optical fibres carrying blue light, their cut ends glowing against a dark background.
Technology

3M Gave Amazon a Warrant for 3.16 Million Shares at $164.89. Most of It Vests Only After Amazon Pays 3M $6 Billion for Data Center Gear.

3M disclosed on 19 October that it issued a warrant to a wholly owned Amazon subsidiary for up to 3,162,015 shares at $164.89 each, exercisable over seven years. Eighty-five per cent of it vests as Amazon pays for optical connectivity and other data center products, fully at $6 billion of cumulative payments. 3M has not described the milestones for the rest, or how it will account for the warrant.

By Alison Acosta  

Several tall construction cranes over a building site and rows of houses at sunset, with mountains behind, in Lehi, Utah.
The Numbers

America Now Spends More Building Data Centers Than Chip Plants. Most Other Private Building Is Shrinking.

Spending on data center construction reached a seasonally adjusted annual rate of $85 billion in August, the Census Bureau said, up 73 per cent in a year. Spending on computer, electronics and electrical factories, the category that includes chip plants, has fallen to $52 billion from $126 billion in mid-2024. Without data centers, private nonresidential construction is down about 6 per cent on a year ago.

By Margaret Holloway