US stocks move: ArcelorMittal rises nearly 3% pre-market, expands cloud partnership with Microsoft

Glonghui, August 3rd ｜ Before the market opened, ArcelorMittal (MT.US), the largest steel group in Europe, rose nearly 3%. According to reports, the company announced it is expanding its strategic partnership with Microsoft to drive its transformation into a data-driven, AI-powered organization. ArcelorMittal Chief Information Officer Nik Puri said, "Expanding our partnership with Microsoft is not just about system modernization—it’s about fundamentally reshaping our IT operations and embedding data and AI into our IT core, with the goal of driving efficiency at scale and enabling faster, smarter decision-making."