Shares of Corning (ticker GLW) climbed 8.8% after the materials maker landed optical fiber deals tied to three of the biggest names in artificial intelligence, according to simplywall.st.
The report says the move followed agreements with Nvidia, Meta and Amazon — companies that are among the largest builders and buyers of AI computing infrastructure. Corning is best known for specialty glass and optical fiber, the thin strands that carry data as pulses of light.
Why would AI companies want more fiber? Modern AI systems are trained inside sprawling data centers, where thousands of chips must constantly shuttle enormous amounts of data between one another. Optical fiber moves that data faster and with less energy loss than copper wiring, which makes it a key ingredient as these facilities scale up. Nvidia supplies the chips at the heart of the AI boom, while Meta and Amazon operate some of the world's largest data-center footprints.
The source frames the deals as a notable shift for Corning, a more than century-old manufacturer that is increasingly being pulled into the AI supply chain. A single-day jump of nearly 9% is a sizable move for an established industrial company, signaling that investors see the agreements as meaningful to its future revenue.
It's worth noting the available reporting is thin: simplywall.st provides the stock move and names the partners, but the specific financial terms, timelines and scope of each deal are not detailed in the source.
Why it matters: the spending frenzy around AI is rippling beyond chipmakers to the unglamorous suppliers of cables, glass and hardware that physically connect it all — and Corning's pop shows investors are starting to reward them.