Corning stock price jumps again as AI data-center demand keeps GLW in focus

Corning shares climbed again Monday, stretching their recent surge and lifting the stock well past last week’s mark. Investors are betting on the company’s involvement in constructing data centers for the AI era.

Corning stock (GLW) jumps 16% on Meta’s up to $6 billion fiber deal ahead of earnings

Corning stock (GLW) jumps 16% on Meta’s up to $6 billion fiber deal ahead of earnings

Shares of Corning Incorporated surged Tuesday following news of a multiyear supply deal with Meta Platforms for fiber-optic cables and connectivity equipment serving AI data centers. The stock climbed 15.6% to $109.74 in after-hours trading, reaching an intraday peak of $113.70. After-hours trades occur after the market closes at 4 p.m.
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.

US Stock Market Today Updates

AI PORTFOLIO

Top Stock Picks

Today’s highest-ranked model selections.

#1 Strong Buy

NVIDIA

94/100
#2 Strong Buy

Meta Platforms

89/100
#3 Buy

Alphabet

87/100
#4 Buy

Amazon

84/100
#5 Selective Buy

Microsoft

80/100
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Editorial model selection. Not personalised advice.
MARKET CALENDAR

Key Events Today

The catalysts most likely to move markets.

#1

Warsh at Jackson Hole

Policy tone can move rates, USD, equities, gold and crypto simultaneously.

#2

Michigan sentiment

A weak final reading or elevated inflation expectations could pressure risk assets.

#3

Chicago PMI

A surprise versus 58.0 may alter the near-term manufacturing-growth narrative.

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Times and estimates may change. Verify before trading.