- Corning Inc. (GLW) stock surged over 18% premarket and hit an all-time high after announcing a major partnership with NVIDIA Corporation (NVDA) to expand its U.S. optical connectivity production capacity tenfold.
- The partnership includes Corning issuing warrants to NVIDIA for the purchase of up to 18 million GLW shares, with a potential total value of $500 million according to an SEC filing.
- The expansion plan involves building three new U.S. manufacturing facilities, creating over 3,000 jobs, to meet the surging demand from AI data centers for high-performance optical fiber and connectivity.
Shares of Corning Inc. (GLW) soared over 18% in Wednesday’s premarket trading, reaching an all-time high on the news of a landmark partnership with chip giant NVIDIA Corporation (NVDA). The multiyear commercial and technology deal aims to increase Corning‘s U.S.-based manufacturing capacity for optical connectivity solutions by tenfold.
Under the agreement, Corning will specifically boost its U.S. fiber production capacity by more than 50%. Consequently, the company will construct three new advanced manufacturing facilities in North Carolina and Texas, generating more than 3,000 high-paying American jobs. However, the full financial terms of the deal were not publicly disclosed.
Corning has issued warrants to NVIDIA to purchase up to 15 million GLW shares at $180 per share, and has issued pre-funded warrants for up to 3 million more shares. This potential $500 million investment was detailed in an SEC filing. The partnership directly addresses an industry-wide shortage of components needed to build AI data centers.
Optical connectivity is crucial for linking components within AI infrastructure to enable high-speed, low-latency networking. “Corning’s expanded capacity will supply the optical connectivity hyperscale data centers use to deploy NVIDIA-accelerated computing at scale,” the companies stated. This explosive demand was recently highlighted by Nokia (NOK), which reported similar growth in its optical networking business.
On social investment platform Stocktwits, retail sentiment for GLW shifted from ‘neutral’ to ‘bullish,’ with message volumes more than tripling. Meanwhile, sentiment for NVDA turned ‘extremely bullish’ from ‘bullish.’ One user noted their GLW investment has outperformed their portfolio, while another predicted the stock could reach $200.
GLW stock is up over 85% year-to-date and has more than tripled in the past 12 months, outperforming the S&P 500. Conversely, NVIDIA has trailed the S&P 500’s performance in 2026 but remains ahead on a 12-month basis. The deal underscores the massive infrastructure buildout required to support modern AI workloads.
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