Corning stock (GLW) soared 16% on January 27, 2026, closing at $110 and achieving a new 52-week high. What triggered this?
A deal with Meta Platforms (META) is the latest piece of good news boosting Corning (GLW) stock.
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.
Meta has struck a multiyear deal worth up to $6 billion to buy fiber-optic cable from Corning, a move aimed at advancing the expansion of its U.S. data-center network for artificial-intelligence systems.
Corning benefits from Gen AI-driven demand, especially in optical communications, but I maintain a hold rating pending further earnings clarity. GLW's optical communications segment shows robust growth, with potential supply bottlenecks and price increases as AI data center demand surges. The solar business, notably Hemlock, is ramping up with all 2025 capacity sold and significant y/y revenue growth, leveraging dormant assets for a margin advantage.
Corning (GLW) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
GLW rides strong demand in AI, solar and specialty materials ahead of its Q4 earnings, with a surprise likely in store.
Corning (GLW) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
GLW shares beat the tech sector over six months as AI data centers, consumer electronics and solar fuel growth despite execution risks.
Corning's push into the U.S. solar supply chain is reshaping its growth story, backed by strong segment gains and estimate upgrades.
GLW sharpens its focus on fiber optics as demand surges from AI, 5G and cloud-driven data consumption trends.
Here is how Corning (GLW) and CACI International (CACI) have performed compared to their sector so far this year.