3M (MMM) Stock Rises 8% as Microsoft Deal and Q2 Beat Fuel Momentum
TLDR
- 3M announced a partnership with Microsoft to deploy its Expanded Beam Optical (EBO) technology in Azure AI data centers
- 3M will also use Microsoft’s AI tools internally for credit checks, customer service, and sales functions
- MMM stock closed at $172.62, up 8.0% over the past week and 16.2% over the past year
- Q2 2026 earnings beat expectations: EPS of $2.40 vs. $2.25 estimated; revenue of $6.50B vs. $6.40B estimated
- JPMorgan upgraded MMM to “overweight” with a $180 price target; consensus rating is “Hold” with a $177.21 target
3M (MMM) stock closed at $172.62, up 8.0% over the past week, as the company announced a new partnership with Microsoft to deploy its Expanded Beam Optical (EBO) technology inside Azure AI data centers.
The deal puts 3M’s material science directly into the infrastructure behind one of the largest cloud platforms in the world.
The partnership works both ways. 3M is supplying its EBO connectivity technology to Microsoft’s Azure buildout, while also adopting Microsoft’s AI tools inside its own operations — covering areas like credit checks, delinquency assessments, and customer service.
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