Pivotal Point Follow-up Corning (GLW): $6 Billion Pact with Meta for AI Infrastructure – Exploding Demand Leads to Record Margins and Accelerated Growth!
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The Corning stock jumped over 15% on January 27 after a groundbreaking billion-dollar deal with Meta Platforms was announced. The company secured a multi-year contract worth up to $6 billion for the supply of fiber optic cables and connectivity solutions. These are essential for building state-of-the-art AI data centers in the USA. Corning benefits from its technological dominance in optical fibers, which transmit information significantly more efficiently than traditional copper cables. The news catapulted the stock to a new 52-week high. The...
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