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Corning stock’s AI story just got bigger with a multibillion-dollar fiber deal.
FEATURE Stock futures were rising on Friday, as investors carried on piling into tech following the Federal Reserve’s first interest-rate increase in more than three years. The artificial-intelligence trade still has legs, judging by premarket moves.
↘️ Nestle (CH:NESN): The Swiss food-product maker said it is assessing options for its Russian unit after Moscow transferred control to external administrators, in the latest move by the Kremlin to seize the local assets of international companies.
Corning (NYSE: GLW) and industry partners completed the SDM4 Multicore Fiber Multi-Source Agreement, releasing a shared technical specification for AI data centers. The SDM4 spec targets high-density, multi-vendor optical fiber links that can support growing AI data center and campus network traffic. The group intends the SDM4 document to serve as a reference point for future international standardization of multicore fiber connectivity. The SDM4 Multicore Fiber Multi-Source Agreement...
Corning’s latest multibillion-dollar fiber agreement with Verizon adds another major customer commitment as AI infrastructure drives demand for optical connectivity.
It’s been a difficult week for the performance of shares of optical networking companies as existential artificial-intelligence fears hit the stock market. Ciena stock rose 8.7% to $370.80 on Thursday and was one of the best-performing components in the for the trading session. Fellow optical networking stocks Corning and Coherent each advanced solidly while Lumentum added 0.2%.
Auxier Asset Management, an investment advisory firm, released its second-quarter 2026 investor letter. The letter can be downloaded here. Following a strong rebound from the first-quarter decline, the S&P 500 gained 15.2% as accelerating capital spending toward artificial intelligence infrastructure drove significant gains across technology hardware companies. Semiconductor and data-center-related businesses benefited from supply constraints […]
The ChatGPT developer warns that the AI industry won’t be able to scale at maximum speed much longer.
Ciena (CIEN) trades near $334, a little over half its 52-week high, and the easy read on an AI networking supplier down that far is that it has gone on sale. It is still up more than 150% over the past year, and the company has just guided fiscal 2027 to record profitability. The risk here is not demand. It is what the new prices are attached to.
Corning shares slid 14% on Monday following a $2 billion equity offering announcement.
Lumentum is the best-performing S&P 500 stock Wednesday, and Coherent isn’t far behind. Corning is seeing smaller gains.
Check out the companies making headlines yesterday:
FEATURE Stock futures were falling on Tuesday as a rally in oil prices drove the yield to its highest level in more than 19 years. Chip and memory stocks were edging higher, having taken a battering on Monday after several top executives called for a slowdown in AI development.
Shares of glass and electronic component manufacturer Corning (NYSE:GLW) fell 12.7% in the afternoon session after the company disclosed an at-the-market equity distribution agreement with Goldman Sachs to sell up to $2 billion of its common stock.
The technology sector is the S&P 500's worst performer today, down more than 2%. Here are some of the tech names getting hit hardest: Coherent, down 11%. Hewlett Packard Enterprise, down 11% Corning, down 11% Teradyne, down 11% Lumentum, down 8.
Networking hardware firm Ciena Corporation (NYSE:CIEN)’s shares are up by more than 150% over the past year. As is the case with other networking equipment providers, the firm is also benefiting from the AI buildout. Cramer discussed Ciena Corporation (NYSE:CIEN) in his morning appearance on September 3rd and commented on the impact of the recent […]
Corning (NYSE:GLW) executives said demand in optical communications, solar and selected glass applications is supporting momentum behind the company’s long-term “Springboard” growth plan, while new customer agreements are improving visibility into data-center connectivity demand. Speaking at Citi’s
The S&P 500 (^GSPC) is home to the biggest and most well-known companies in the market, making it a go-to index for investors seeking stability. But not all large-cap stocks are created equal - some are struggling with slowing growth, declining margins, or increased competition.
Investing.com -- Corning Incorporated (NYSE:GLW) shares dropped 2.7% in extended trading on Friday following the company's announcement of a new "at-the-market" equity offering program to raise up to $2 billion. The potential share issuance creates immediate dilution concerns for investors, triggering the late-session pullback. According to a regulatory filing with the Securities and Exchange Commission, the specialty glass and materials manufacturer entered into an equity distribution agreement
CIEN's record results, surging optical demand and $8.5B backlog fuel growth. Supply constraints remain a key hurdle.
Corning and Verizon signed a multi-year deal for over 80 million miles of optical fiber from 2027-2032, boosting broadband expansion and AI data center connectivity for both companies.
NVIDIA (NASDAQ:NVDA) Chief Executive Officer Jensen Huang said the expansion of generative artificial intelligence, combined with the end of Moore’s law, is driving a major increase in demand for computing infrastructure and semiconductors. Speaking at the Goldman Sachs Communacopia + Technology Co
Lumentum (LITE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.