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Corning Stock Hits Record High on Meta Platforms Deal
Schaeffers Investment Research· 2026-01-27 16:16
Corning Inc (NYSE:GLW) shares are up 16.7% to trade at $110.80 at last check, after Meta penned a multiyear fiber-optic supply deal worth up to $6 billion to support U.S. AI data-center expansion. Corning will provide next-generation optical fiber, cable, and connectivity hardware, with plans to ramp manufacturing capacity at its North Carolina facilities.Trading at fresh record highs, today's pop has GLW on track for its best daily percentage gain since April 2004. Longer term, the 100-day moving average h ...