Corning stock (NYSE: GLW) jumped over 9% on Tuesday after the company and Meta (NASDAQ: META) announced a multiyear agreement.
As part of the $6 billion deal, Corning will supply fiber-optic cables and connectivity solutions for Meta’s US data-center buildout.
The landmark Meta deal
Meta and Corning formalized a landmark supply partnership designed to lock in fiber capacity for Meta’s aggressive AI infrastructure expansion.
Under the agreement, Corning will provide optical fiber, cables, and advanced connectivity solutions tailored for Meta’s rapidly scaling data centers across the United States.
Corning will expand manufacturing capabilities at its optical cable facility in Hickory, North Carolina, where Meta will serve as the “anchor customer.”
This builds on an October 2025 expansion announcement where Corning committed $170 million to $268 million at the same Hickory site, creating 132 manufacturing jobs with average annual salaries of around $65,000.
Meta’s presence as the primary customer validates Corning’s multi-year capacity investment.
The scale underscores the fiber infrastructure arms race among hyperscalers.
Two of Meta’s largest data centers under construction will run on Corning’s fiber products.
Meta’s data centers will require millions miles of optical fiber. It is the physical backbone needed to transmit AI training data at near-light speed across thousands of graphics processors.
Corning CEO Wendell Weeks underscored the commercial shift:
This long-term partnership with Meta reflects Corning’s commitment to develop, innovate, and manufacture the critical technologies that power next-generation data centers here in the US.
Corning stock: What analysts say
The 9% jump reflects investor conviction that Corning has secured supply-side leverage during an AI infrastructure supercycle.
Corning’s optical communications segment reported third-quarter revenue growth of 33% year-over-year, with enterprise sales surging 58% in the same period.
This segment now accounts for roughly half of Corning’s total net income.
Analyst sentiment tilts bullish but cautious. Citigroup maintains a Buy rating with a $102 price target, while UBS reiterated Buy at $109.
The narrative centers on pricing power as scarce fiber supply allows Corning to implement double-digit price increases, protecting margins despite hyperscaler volume pressure.
But Morgan Stanley and Barclays hold Equal Weight ratings, $98 and $83 targets, flagging execution risk on capacity expansion and the timing of delivery against Meta’s 2030 deadline.
Key concerns linger as China’s announced anti-dumping duties on optical fibers threaten margins and sales.
More fundamentally, analysts debate whether current valuations assume the AI infrastructure buildout will deliver durable, profitable returns or whether another bubble is forming.
Both Corning and Meta report fourth-quarter 2025 earnings on January 28, 2026, one day after the announcement.
Markets will scrutinize Corning’s guidance on Q1 2026 capacity utilization and whether management raises full-year fiber demand estimates.
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