economy
January 27, 2026
Why investors shouldn't cash out on Corning's monster rally just yet
Shares surged more than 16% after CNBC reported that Corning inked a new deal with Meta Platforms.
TL;DR
- Corning's stock surged over 16% after announcing a partnership with Meta Platforms.
- Meta Platforms will pay Corning up to $6 billion for fiber-optic cables for its data centers through 2030.
- Jim Cramer recommends investors hold onto Corning stock, predicting further gains.
- Demand for Corning's energy-efficient fiber-optic cables is increasing among big tech companies.
- Corning is expanding operations to meet demand from Meta and potentially other AI spenders like OpenAI, Nvidia, Google, Microsoft, and Amazon.
- Corning's CEO stated the company is becoming the world's largest fiber-optic cable producer.
- A previous investment by Apple into Corning's manufacturing facility is expected to triple production.
- The Investing Club has a price target of $95 per share for Corning stock.
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