Today: 17 July 2026
Browse Category

Artificial Intelligence 26 January 2026 - 27 January 2026

Meta stock jumps on $6 billion Corning AI cable deal as earnings loom

Meta stock jumps on $6 billion Corning AI cable deal as earnings loom

Meta Platforms jumped about 2% to $672.36 early Tuesday after the Facebook parent struck a deal to pay Corning up to $6 billion for fiber-optic cables that will support AI data centers. Corning plans to ramp up production at its Hickory, North Carolina plant, where Meta will be a key customer. CNBC reported the contract payments extend through 2030. “Together with Meta, we’re strengthening domestic supply chains,” said Corning CEO Wendell Weeks.
1 97 98 99 100 101 226
Go toTop