Why Is Corning (GLW) Stock Soaring Today
Corning's (GLW) stock jumped 5.4% following news of a major optical cable plant expansion for AI data centers, backed by a multiyear supply deal with Meta worth up to $6 billion. This agreement, along with a recent earnings beat and analyst price target increases, has boosted investor confidence in Corning's role in the generative AI boom. Despite recent volatility, the market views this development as meaningful for the company.
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