GLW

AI Research

+48% YTD + $6B Meta partnership largest in company history → GLW AI fiber demand surge

Corning announced a $6 billion, multi-year fiber optic supply agreement with Meta Platforms — the largest customer contract in Corning's 170-year history — to supply optical fiber for Meta's AI data center interconnect buildout across North America and Europe. The stock is up 48% year-to-date as the AI infrastructure build accelerates demand for its specialty glass and fiber products, and Bank of America raised its price target to $144. Key risks include customer concentration with Meta and potential supply chain constraints from raw material sourcing for specialty optical fiber production.