Now, listen closely. Shares of Corning (GLW +15.72%) did a little jig today, didn’t they? A proper, bouncy jig. All thanks to a rather enormous deal struck with Meta Platforms (META +0.09%). Six billion dollars, you see. A sum so large, it could buy a small country…or a truly spectacular collection of nose-pickings, if that’s your fancy.
By the time the trading day had coughed itself to a close, Corning’s stock had puffed itself up by more than 15%. A quite remarkable swell, wouldn’t you agree?
Speeding Up the Thinking Machines
The arrangement, you see, is rather simple. Corning will be supplying Meta with its fanciest, most advanced optical fiber – the stuff that carries information at the speed of a startled cheetah. And cables. And all the bits and bobs needed to build these… these ‘AI data centers.’ Apparently, Meta is in a terrible hurry to keep up with its rivals, a bit like a pack of ravenous badgers chasing a particularly juicy grub.
To satisfy this booming, AI-driven hunger, Corning is expanding its manufacturing operations in North Carolina. Meta will be the main customer – the anchor, as they say – for a major expansion at Corning’s optical cable facility in Hickory. Once finished, it will be the biggest of its kind, according to Corning’s CEO, Wendell Weeks. A truly colossal creation, capable of churning out enough fiber to wrap around the world several times…and perhaps strangle a particularly greedy dragon.
“Building the most advanced data centers in the U.S. requires world-class partners and American manufacturing,” declared Joel Kaplan, a fellow from Meta, in a press release. Sounds rather grand, doesn’t it? But between you and me, it’s all about feeding the beast. This ‘AI infrastructure,’ as they call it, has a terrible appetite for data, and Corning is happily supplying the grub.
Business is Booming, Indeed
This 175-year-old materials science company – a rather ancient and respectable institution – is enjoying a delightful surge in sales of its AI-focused solutions. In the last quarter, its optical communications revenue leaped a whopping 58% – fueled by companies clamoring for its new, generative AI products. It seems everyone wants a piece of the thinking machine pie, and Corning is the baker, happily shoveling out the dough.
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2026-01-28 04:23