Corning jumps on NVIDIA deal, eyeing AI-driven fiber expansion
Corning (GLW) surged about 12% after unveiling a partnership with NVIDIA to supply fiber-optic components for AI data-center infrastructure, with NVIDIA investing $500 million and plans for three new U.S. plants to boost optical-connectivity capacity tenfold. Despite the rally, technicals still flag GLW as a Buy, while the consensus price target of $168.91 suggests some downside risk from current levels.
