Tag: $Corning

Amazon is paying Corning billions of dollars for optical fiber to power and connect its rapidly expanding U.S. data centers, the latest megadeal featuring two companies at the center of the artificial intelligence boom.

Nvidia, the chipmaker at the center of the artificial intelligence boom, is partnering with glassmaker Corning
for three new advanced manufacturing facilities in North Carolina and Texas dedicated entirely to optical technologies for the world’s most valuable semiconductor company.

Corning (GLW) stock fell Tuesday even after the glass and fiber maker reported better-than-expected quarterly results.

Apple announced a significant expansion of its American Manufacturing Program on Thursday, bringing four new partners — Bosch, Cirrus Logic, TDK, and Qnity Electronics — into its domestic supply chain.

Shares of Corning (GLW) fell Wednesday even after the glass maker posted better-than-expected quarterly adjusted earnings and sales. The stock’s double-digit surge the day before may have set investor expectations too high.

As Meta tries to rapidly construct massive data centers to keep pace with the artificial intelligence craze, it’s turning to a 175-year-old glass manufacturer for help.