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0 0 0 4.46428571428165E-05 0.00446428571428571 0.00133928571428577 0.00450892857142853 0.00669642857142857
Stock impact report

Why Fabrinet Stock Soared Today [Yahoo! Finance]

Fabrinet Ordinary Shares (FN) 
Last fabrinet ordinary shares earnings: 2/3 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.fabrinet.com/investor-relations
Company Research Source: Yahoo! Finance
The leg up came amid broader market weakness, with the S&P 500 (SNPINDEX: ^GSPC) down 1.4% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) down 2.1%. The company, which manufactures precision optical equipment critical to modern data centers, announced a strategic partnership with Amazon in which the tech giant will purchase Fabrinet stock. A new warrant agreement The company has entered an agreement that allows Amazon to purchase 381,922 ordinary shares of Fabrinet at a price of $208.48 per share. The warrant will expire on March 12, 2032. Nearly 40,000 shares have already vested, while the remainder will vest based on future payments by Amazon or its affiliates to Fabrinet. A key data center supplier Amazon, through its wholly owned subsidiary Amazon Web Services, is one of the largest data center operators in the world. Its servers power a large portion of the modern internet and help enable AI models, like ChatGPT. Partnering with Amazon could propel sales growth for Fab Show less Read more
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