Fiber Optics - Truenewj

Corning hits record after signing up AI customers

amefika4 weeks ago03 mins

Worried about an AI bubble? Sign up to The Daily Upside to receive smart, actionable market news designed for investors. That makes good optics. Shares of 175-year-old materials maker Corning soared to an all-time high last week following the announcement of a multibillion-dollar partnership with AI king Nvidia to make fiber optics. It’s a big…

Corning shares rise to intraday high after company lands 0 million deal with Nvidia

Corning shares rise to intraday high after company lands $500 million deal with Nvidia

amefika1 month ago02 mins

What happened: Corning (GLW) shares rose 9% on Wednesday, hitting an intraday record. What’s behind the measure: The glass manufacturer and fiber optic hardware company reached a $500 million deal with Nvidia (NVDA) to supply components for the construction of the artificial intelligence leader’s data center. According to a regulatory filing, Nvidia will buy 3…