US EditionCorning Inc./Meta Reach $6B Data Center Deal
Meta's $6 billion deal will expand Corning's fiber-optic production, creating up to 1,000 jobs and supporting AI data center growth across the U.S., driven by rising demand.
- On Tuesday, Corning Inc. shares surged more than 16% after CNBC reported Meta Platforms will pay up to $6 billion, making it the S&P 500's top gainer.
- Demand is rising because fiber is more energy-efficient, with Corning Inc. expanding operations to supply hyperscalers like Meta, as fiber uses far less energy than copper, Weeks said.
- Corning's optical communications revenue rose 33% to $1.65 billion, with enterprise sales up 58% driven by new Gen AI products, and over 1.3 billion miles of Contour fiber invented, O'Day said.
- Jim Cramer urged restraint for sellers, saying `Don't sell this stock` and `Understand, we in this thing not for $109, but for $200.` The Investing Club still targets $95 per share and awaits Wednesday earnings from Corning and Meta.
- The expansion could create local jobs in Hickory as Corning Inc. expects to add 750 to 1,000 jobs and warns of risks amid critics' bubble concerns over $1 trillion compute deals.
24 Articles
24 Articles
Meta, Corning Reach $6 Billion Agreement for Fiber-Optic Cables
Meta Platforms Inc. and Corning Inc. on Jan. 27 announced a $6 billion multiyear partnership for Corning to supply fiber-optic cables to the cloud service provider’s burgeoning data center operations. In November 2025, Meta announced it would spend $600 billion over the next three years to advance U.S. technology infrastructure and workforce expansion projects, including data centers, to drive development of artificial intelligence (AI). Meta cu…
The AI boom’s most unexpected winner? A 175-year-old company called Corning
You might know Corning for its iconic kitchen brands, like Pyrex and CorningWare. You might remember that Thomas Edison relied on the company to develop glass for the light bulb, or that in 1970, Corning invented the first glass fiber that was useful for long-distance communication, while in 2007 Steve Jobs turned to Corning, which is based in Corning, N.Y., to create the hard-to-shatter glass that now wraps every iPhone. You probably don’t thin…
Meta-Corning deal puts NC at center of AI infrastructure push
North Carolina is poised to play a larger role in the nation’s artificial intelligence buildout, following a new multiyear supply agreement between Meta and Corning, valued at up to $6 billion. Under the agreement, announced on Tuesday, Corning will supply fiber optic cable for Meta’s expanding network of US data centers, infrastructure that is critical to powering large-scale AI systems. Corning has significant manufacturing operations in North…
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