Corning Shares Surge on $6B Meta Deal for AI Data Center Fiber Optics
Corning Inc. shares jumped 17% to near-record levels after securing a $6 billion agreement with Meta Platforms to supply fiber optic technology for AI data centers. The specialty glassmaker's stock now trades around $111, approaching its dot-com bubble peak from 2000.
The deal accelerates Corning's expansion in North Carolina with new manufacturing facilities and hiring plans. As a key supplier to tech giants including Nvidia and Apple, Corning has seen its stock rise 80% in 2023 followed by 50% gains this year amid booming AI infrastructure demand.
Wall Street analysts highlight Corning's growing exposure to artificial intelligence through fiber optic cables that FORM the backbone of data centers. The Meta contract follows a pattern of exceeded earnings expectations and raised guidance throughout 2025.
