NYSE:GLW 27 February 2026 - 28 July 2026

Corning Incorporated heads into next week with a clearer setup after the U.S. holiday. The question now is if investors are still willing to pay up for an AI-infrastructure story after the stock’s sudden drop.

Corning Incorporated surged 15.2% to $254.54 as of 2:48 p.m. EDT Monday, tacking on around $29 billion in market cap since Friday’s close. The stock outperformed the SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Amazon said Monday it struck a multiyear, multibillion-dollar deal with Corning to provide optical fiber, cable, and connectivity gear for its U.S. data centers. The agreement gives Corning a new customer as the AI push changes the business. Corning said it will mean 1,000 skilled jobs at its North Carolina plants, support for hundreds more in construction, and increased fiber-optic training. AWS CEO Matt Garman said the deal will help build “long-term careers.”

Corning Incorporated late Friday submitted a mixed shelf registration, opening the door for the glass and fiber-optics giant to issue securities down the line. Shares are hovering close to all-time highs as investors crowd into AI infrastructure plays. The registration leaves the offering size unspecified.