Corning: Fiber Optic Boom Driven by AI – Verizon Secures Next Billion-Dollar Order
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Corning receives a multiyear billion-dollar order from Verizon, supplying over 80 million miles of fiber optic for broadband and AI infrastructure from 2027 to 2032. The AI boom is already significantly boosting business. Optical Communications grew by 32% in the second quarter, while Enterprise Networks surged by 65%. With the Springboard plan, Corning aims for a new growth phase starting in 2027. Additional opportunities arise from Silicon Photonics. The stock of Corning (GLW) rose by nearly 8% on September 8. The catalyst was...
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