Corning Stock Jumps To New High on $6 Billion Meta Fiber-Optic Deal

Corning's stock price (NYSE: GLW) has jumped 7.5% in premarket trading to $102.09, after the specialty glass and ceramics manufacturer announced a landmark agreement with Meta Platforms worth up to $6 billion through 2030.

The deal positions Corning as a critical supplier of fiber-optic cable infrastructure for Meta's expanding artificial intelligence data center network, underscoring the intensifying capital deployment race among technology giants to secure AI computing capacity.

The stock appears set to open at new highs on the New York Stock Exchange, with Meta's shares also gaining 0.2% in sympathy trading as markets digested the strategic implications of the partnership. Corning CEO Wendell Weeks confirmed that the company is expanding production facilities to meet surging demand not only from Meta but also from other AI infrastructure leaders including Nvidia, OpenAI, Google, Amazon, and Microsoft.

The agreement represents one of the largest single-customer commitments in Corning's history and validates the company's strategic pivot toward high-bandwidth connectivity solutions essential for next-generation computing workloads.

The Meta deal extends a remarkable run for Corning's stock, which has climbed more than 75% over the past year as hyperscale technology companies accelerate investments in AI data center infrastructure. The shares reached a 52-week high of $78.82 in September 2025, reflecting sustained investor confidence in the company's ability to capitalize on structural demand trends. Markets have increasingly viewed Corning as a direct beneficiary of the artificial intelligence buildout, with fiber-optic cable serving as critical infrastructure for connecting high-performance computing clusters and enabling the massive data throughput required for training and deploying large language models.

The fiber-optic cable market has emerged as a critical bottleneck in AI infrastructure development, with lead times extending and pricing power shifting toward specialized manufacturers like Corning. The company's proprietary glass formulations and manufacturing expertise create meaningful barriers to entry, allowing it to command premium pricing while maintaining production discipline.

Analysts have responded to this favorable positioning by raising price targets, with Mizuho lifting its target to $74 in August 2025 following positive developments in Corning's relationship with Apple, another major customer across its display technologies division.

The Meta agreement's structure through 2030 provides Corning with exceptional revenue visibility at a time when technology capital expenditure cycles can prove volatile. This long-term commitment enables the company to justify capacity expansion investments while reducing execution risk. Markets appear to be rewarding this predictability, with the stock's valuation multiple expanding alongside its growth prospects. The deal also highlights Meta's willingness to secure strategic supply chains through direct financial commitments rather than relying solely on spot market purchases, a trend that could extend to other critical AI infrastructure components.

Looking ahead, Corning's ability to maintain production scalability while managing capital intensity will prove crucial to sustaining margin performance. The company must balance aggressive capacity additions against the risk of eventual oversupply if AI infrastructure investment moderates.

However, with multiple hyperscale customers now locked into long-term agreements, Corning has positioned itself as an essential enabler of the artificial intelligence revolution, translating into sustained investor enthusiasm and a fundamentally stronger earnings outlook through the end of the decade.