Kuehne+Nagel (a stock we own in our shipping ETF!) reached a new 52-week high after announcing a long-term strategic collaboration with Amazon and AWS. The global logistics powerhouse has signed a deal that strengthens its existing relationship with Amazon, providing supply chain services to support AWS’s massive buildout of data centers and other infrastructure needs. The stock is currently trading above its 50-day moving average and has gained approximately 35% YTD. This is another example of how global logistics is becoming increasingly connected to the buildout of AI and digital infrastructure. Learn more at https://t.co/tX8Eq0xzP3.
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