Nvidia announced two investments in March that signaled this was coming.
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The AI chipmaker is making a big bet on the future of co-packaged optics. Here's what that means.
The collaboration includes a 10x capacity boost.
The semiconductor sector (SOXX) has been ripping higher this year. Yahoo Finance Senior Business Reporter Ines Ferré chats with Yahoo Finance Senior Reporter Brooke DiPalma about the sector's three "bottlenecks," highlighting how Micron (MU) and Sandisk (SNDK) factor in.
Corning struck a $500 million deal with Nvidia to supply components for the artificial intelligence leader's data center build-out.
Nvidia (NVDA) announced a new partnership with glass manufacturer Corning (GLW) that will create three new fiber optics plants on top of Nvidia purchasing $500 million worth of rights for Corning stock. Morning Brief Host Julie Hyman and Yahoo Finance Head of News Myles Udland report on this news. Corning shares are soaring in Wednesday's pre-market on these headlines.
Corning and Nvidia are forming a partnership to drastically expand U.S. fiber and optical connectivity production, the companies announced Wednesday. Corning, the glass and fiber maker, will increase optical manufacturing capacity tenfold and fiber production by more than 50%. The company will build three new advanced manufacturing facilities in North Carolina and Texas, creating an estimated 3,000 jobs.
Corning and Nvidia said on Wednesday they would partner to expand U.S. production of optical connectivity products used in artificial intelligence data centers. The specialty glass maker also raised its long-term sales targets on surging demand for AI infrastructure. The deal shows how the AI boom is lifting demand beyond chips, benefiting suppliers such as Corning that make the fiber-optic equipment needed to move data between thousands of processors in large data centers.
Tech futures are pointing to a strong open, with the Nasdaq Composite (^IXIC) leading the charge with a 1% increase on the heels of yesterday’s record-setting performance. Gains arrive on the back of blowout chip earnings and a sharp retreat in crude prices tied to signs of diplomatic progress between Washington and Tehran. AMD (Nasdaq: ... Tech Stocks Rocket Higher on Chip Strength, Easing Oil and Iran Deal Hopes
Shares in Corning are trading nearly 20% higher premarket after Nvidia said it would invest $500 million in the glassmaker. The injection is part of a partnership to expand manufacturing of fiber optics, which are used in AI data centers to transfer data quickly and at scale. Demand for fiber optics has supercharged Corning stock in recent months.
The S&P 500 (^GSPC) is set to extend a record run as crude tumbles and traders welcome signs the Iran conflict could be winding down. Stocks are soaring because the Strait of Hormuz appears clear and a chip-led rally is rolling into a second day. The PHLX Semiconductor Index (^SOX) has ballooned by 9.4% over the ... S&P 500 Extends Record Run as Semis Soar, Oil Falls and Strait Traffic Flows
Three new optical factories in North Carolina and Texas, 3,000 jobs, and a 10x increase in U.S. manufacturing capacity… not bad for a company most people think just makes iPhone screens
Nvidia is investing $500 million in Corning as part of a partnership with the glassmaker to expand manufacturing of fiber optics for AI infrastructure.
The facilities in North Carolina and Texas will expand Corning's U.S. optical manufacturing capacity 10-fold and create at least 3,000 jobs
Investing.com -- Corning (NYSE:GLW) shares jumped 14% Wednesday following the announcement of a multiyear partnership with NVIDIA (NASDAQ:NVDA) to expand U.S. manufacturing of optical connectivity solutions for AI infrastructure.
FEATURE Corning and Nvidia are forming a partnership to drastically expand U.S. fiber and optical connectivity production, the companies announced Wednesday. Shares of Corning, the glassmaker, jumped 15% in premarket trading.
↗️Advanced Micro Devices (AMD): Shares of the chipmaker soared premarket after it reported stronger sales and logged higher profit. Shares of its peer Super Micro Computer Inc. (SMCI) also jumped premarket.
Corning Incorporated recently reported first-quarter 2026 results showing sales of US$4,144 million and net income of US$371 million, affirmed its US$0.28 quarterly dividend, issued second-quarter guidance, and filed an omnibus shelf registration covering multiple securities. A key highlight was Corning’s expanding role in AI data center infrastructure, including a multi‑year US$6 billion Meta Platforms agreement and an updated Springboard plan targeting large incremental sales by...
The semiconductor sector (SOXX) has seen a lot of momentum this year. Yahoo Finance Senior Business Reporter Ines Ferré zooms in on Micron (MU) in particular, highlighting the factors driving the stock's recent gains.
ROST, TEL, AVGO, GLW and ANET emerge as potential winners as markets battle intense volatility.
Corning Incorporated (NYSE:GLW) was among the stocks on Jim Cramer’s radar on Mad Money as he discussed the upcoming earnings. Cramer expects to hear more about the company’s “multi-billion dollar contracts,” as he said: We’ve got an important analyst meeting on Wednesday. It’s Corning, the glass and fiber company. They could talk more about the […]
Here is how Corning (GLW) and Arrow Electronics (ARW) have performed compared to their sector so far this year.
Is GLW a good stock to buy? We came across a bullish thesis on Corning Incorporated on The Analyst’s Journal’s Substack by RA_Capital. In this article, we will summarize the bulls’ thesis on GLW. Corning Incorporated’s share was trading at $168.76 as of April 22nd. GLW’s trailing and forward P/E were 92.22 and 54.35 respectively according to […]
Corning (NYSE:GLW) and Meta have started a $6b expansion of Corning's optical cable plant in North Carolina. The project is intended to support AI data center growth and strengthen US based fiber supply. The expansion represents a multi year commitment between Corning and a large technology partner focused on AI infrastructure. Corning, trading at $158.26, has seen very strong share price performance, with the stock up 74.5% year to date and 251.1% over the past year. The new expansion with...
Corning (NYSE:GLW) shareholders voted to elect director nominees, approve executive compensation on an advisory basis, ratify the company’s independent auditor, and reject a shareholder proposal calling for an independent board chair policy at the company’s 2026 annual meeting on April 30. Sharehol