NYSE:GLWElectronic
Corning Meta AI Fiber Deal Highlights Growth Potential And Valuation Upside
Corning (NYSE:GLW) has entered a multi year supply agreement of up to $6 billion with Meta Platforms to provide advanced optical fiber and connectivity products.
The products will support Meta's new AI data centers, with Corning expanding manufacturing capacity in North Carolina to meet demand.
The deal adds a large technology customer relationship and includes U.S. investment and job creation tied to AI related infrastructure build out.
For investors watching Corning, this agreement comes...