Corning soars after striking deal to sell up to $6 billion in optical infrastructure to Meta

Glass company Corning is soaring in early trading after announcing a $6 billion deal with Meta to provide its data centers with fiber-optic cable products. Thanks to a string of big tech deals — including partnerships with Broadcom and Apple — Corning’s stock is up about 100% over the past year.

A 175-year-old glass manufacturer, Corning is known for its Gorilla Glass, used in smartphone and laptop screens. It was known in the past for its iconic blue cornflower CorningWare ceramics, a consumer cookware business it spun off in the 1990s.

In an interview, Corning CEO Wendell Weeks told CNBC that he thinks “next year the hyperscalers will be our biggest customers,” amid demand from tech giants including Google and Microsoft.

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