Corning signs major fiber optics deal with Amazon, strengthening its position in AI data center infrastructure as the stock surges 127% year to date.

Key takeaway

Corning has secured a major multiyear fiber optics supply contract with Amazon, directly connecting the company to AI-driven data center expansion across the United States. Alongside partnerships with Nvidia and Meta and expanded optical product manufacturing, this deal could increase the importance of Corning's Optical Communications segment. The stock has risen sharply—127% year to date—but is now trading above both analyst consensus and estimated fair value, creating valuation risk if expectations shift.