New York, Feb 9, 2026, 07:28 EST — Premarket
Corning climbed 1.8% to $124.40 before the bell Monday, building on a sharp rally that sent the stock to its highest close ever late last week. Shares wrapped up Friday’s session with an 8.3% gain at $122.16. 1
Corning just logged its first record close since the dot-com days, a move that’s put the 175-year-old company front and center amid the market’s fascination with “picks-and-shovels” suppliers benefiting from the artificial intelligence surge. The rally? Investors are chasing demand for the optical fiber and cabling Corning supplies to data centers, on top of its established specialty glass unit. 2
Why it matters now: the stock’s been on a tear, and Monday’s open puts buyer conviction to the test as the bell rings. What’s really in play here: order flow tied to just a few major tech clients, plus how quickly AI infrastructure spending actually translates to shipped product.
Corning snagged a late-January deal with Meta Platforms, potentially worth as much as $6 billion, to provide optical fiber, cable, and other connectivity products to U.S. data centers—and boost manufacturing in North Carolina, with Meta locked in as the key customer. “This long-term partnership with Meta reflects Corning’s commitment to develop and manufacture the critical technologies that power next-generation data centers in the U.S.,” Chief Executive Wendell Weeks said. Meta’s Chief Global Affairs Officer Joel Kaplan called Corning a vital partner: “Building the most advanced data centers in the U.S. requires world-class partners and American manufacturing.” 3
Corning’s outlook is doing a lot of the heavy lifting here. On Jan. 28, the company put out its quarterly numbers: fourth-quarter 2025 core sales landed at $4.41 billion, with core earnings per share at $0.72. For the first quarter, Corning is projecting core sales will come in between $4.2 billion and $4.3 billion, with core EPS seen at $0.66 to $0.70. “Core” strips out select items—it’s Corning’s own non-GAAP metric. CFO Ed Schlesinger pointed to expectations for “year-over-year growth to accelerate.” 4
The rapid push by data-center operators to overhaul infrastructure is shifting more of the data load onto fiber optics—light, not copper wires and electricity, is handling a larger share of traffic. Corning, after its Meta partnership, is reportedly seeking similar agreements and is also looking into advanced tech like co-packaged optics with Nvidia, according to The Wall Street Journal. 5
Corning isn’t just a data center story. Display glass and other materials for consumer electronics remain in the mix—segments that can rise and fall with tech demand and price swings, regardless of momentum in the optical unit.
Still, there’s plenty of risk. Premarket volumes tend to be light, and after a surge like this, shares can stumble fast—profit-taking, any cooling in AI demand, or holdups in new factory capacity could all trigger a pullback.
Corning is set to present at Susquehanna’s Fifteenth Annual Technology Conference on Feb. 27, and investors are waiting to hear what management says about the Meta ramp and where demand stands. That’s according to the company’s own events page. 6
