Corning Incorporated Stock Jumps After BofA Pick — Why Nvidia’s AI Fiber Deal Matters for GLW
Corning shares surged 10.84% to $207.21 Monday after BofA added the company to its “U.S. 1 List,” following last week’s Nvidia partnership. Corning and Nvidia plan to expand U.S. optical connectivity manufacturing, with Nvidia investing over $500 million and additional factory funding. Corning expects to reach a $20 billion annualized sales run rate by end of 2026. First-quarter core sales rose 18% to $4.35 billion.