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The Nasdaq turned suddenly lower Tuesday morning. The Dow was down 276 points, or 0.5%. A majority of S&P 500 stocks were rising, but highflying semiconductor and optical networking stocks were suddenly dragging down the index, rather than lifting it.
GLW inks a multibillion-dollar, long-term Amazon deal to supply optical fiber and connectivity for U.S. data centers while expanding its North Carolina production and creating jobs.
CIEN beats Q2 estimates, raises fiscal 2026 revenue guidance and builds a larger backlog as AI network demand fuels cloud and optical growth.
The agreement is expected to create 1,000 jobs at Corning’s fiber-optic plants in North Carolina. The two Fortune 500 companies will also develop a new workforce program with Catawba Valley Community College in Hickory.
Earlier this week, Amazon announced a multiyear, multibillion-dollar agreement for Corning to supply optical fiber, cable, and connectivity components for its expanding U.S. data center infrastructure, alongside plans to add about 1,000 manufacturing jobs at Corning’s North Carolina facilities and expand a fiber technician training program. This partnership deepens Corning’s role in AI and cloud infrastructure buildouts, reinforcing its position in U.S.-based optical communications...
Amazon.com (NasdaqGS:AMZN) has signed a multibillion dollar fiber optics supply agreement with Corning. The deal focuses on expanding Amazon's U.S. data center infrastructure and supporting American manufacturing. The agreement includes workforce training initiatives linked to the build out of Amazon's cloud and AI infrastructure. For readers watching cloud and AI infrastructure, this move relates to how Amazon.com (NasdaqGS:AMZN) is building the physical backbone behind Amazon Web Services...
Investors chasing the AI trade through chipmakers may be overlooking the company that makes the fiber tying those chips together.
Shares of glass and electronic component manufacturer Corning (NYSE:GLW) jumped 7.4% in the morning session after Amazon announced a multiyear, multibillion-dollar agreement with the company to supply optical fiber, cable, and connectivity solutions for its expanding U.S. data center infrastructure.
Amazon signed a multibillion-dollar fiber supply deal with Corning.
Amazon and Corning expand U.S. fiber manufacturing with 1,000 new jobs planned.
Corning (NYSE:GLW) has entered a multiyear agreement to supply optical fiber and connectivity solutions for Amazon’s expanding U.S. data center infrastructure. The partnership includes the creation of 1,000 new U.S. manufacturing jobs tied to Corning’s data center related production. Corning and Amazon are also collaborating on a fiber optic technician training program to support the buildout of data center networks. For investors, this new Amazon agreement places Corning more firmly within...
Corning shares jumped Monday after the glass and optic fiber cable maker announced a new multi-billion dollar deal with Amazon.
Amazon.com (AMZN) agreed to a multibillion-dollar deal with specialty glass maker Corning (GLW) to s
VIAV and GLW are navigating evolving market opportunities, with network testing, infrastructure demand and strategic partnerships shaping their outlooks.
Yahoo Finance's Julie Hyman takes a look at some of Monday's trending tickers and stories, including Corning's (GLW) and Amazon's (AMZN) artificial intelligence (AI) deal, Marvell's (MRVL) upcoming inclusion in the S&P 500 (^GSPC), and Cerebras (CBRS) stock surging after various Wall Street analysts initiated coverage on the company.
Amazon.com said it entered a multibillion-dollar agreement with Corning to get optical fiber, cable and connectivity solutions to support its growing data center footprint.
Amazon’s investments will help Corning expand its manufacturing sites across North Carolina and create 1,000 jobs at the facilities.
Amazon said on Monday it has signed a multi-billion-dollar deal with specialty glass maker Corning aimed at boosting U.S. production of optical fiber and connectivity products that are used in data centers. Amazon, however, did not disclose any further financial details on the partnership. Shares of Corning rose about 7% in early trading, as the partnership came as a fresh boost to the company's fast-growing fiber optics unit, at a time when weak consumer electronics demand has weighed on the segment that makes Gorilla glass.
Corning and Amazon signed a multi-year agreement to provide fiber-optic infrastructure for Amazon's U.S. data center network.
Corning stock rallied on news of a major agreement with Amazon as part of the tech giant's data center expansion.
The multiyear agreement will supply optical fiber, cable, and connectivity solutions for Amazon's expanding U.S. data centers
Investing.com -- Corning (NYSE:GLW) shares jumped 10% Monday after Amazon (NASDAQ:AMZN) announced a multiyear, multibillion-dollar agreement with the company to supply optical fiber, cable, and connectivity solutions for Amazon’s expanding data center infrastructure across the United States.
Stock Market Today: The Dow Jones index rose Monday on Trump's latest Iran comments. Marvell stock surged on news that it'll join the S&P 500..
The fear of higher rates slowing the debt-fueled AI buildout is battering shares in firms across the data-center supply chain. Companies ranging from construction firms to fiber-optic cable manufacturers to cooling specialists are down: Contractor Sterling Infrastructure and fiber provider Corning slid more than 10%.
This under-the-radar semiconductor company is playing a critical role in the artificial intelligence revolution.
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