Corning Shares Surge 44% on AI Infrastructure Demand
Corning Inc. shares rose 44% in 2026 as AI data centers transition to fiber-optic cables, securing $12 billion in contracts from Meta and Amazon.
Shares of Corning Inc. surged 44% in 2026, outperforming Nvidia's 16% return during the same period. The growth stems from an artificial intelligence infrastructure boom, as data centers transition from copper to fiber-optic cables to increase processing speeds and energy efficiency.
The company's GlassWorks AI Solutions, featuring Multicore Fiber cable, enables data center operators to maintain performance while using 75% fewer cables. This technology has secured significant business, with Meta Platforms and Amazon each planning to purchase approximately $6 billion in optical connectivity solutions.
To support this demand, Nvidia is providing funding and technical support to help Corning expand its manufacturing capacity. In the third quarter of 2026, Corning reported core revenue of $5.1 billion, a 19% year-over-year increase, with AI-related sales growing by more than 100%. The company has set long-term targets to reach $30 billion in annualized revenue by 2028 and $40 billion by 2030.
