Corning rises 6.1% after Amazon announces multiyear, multibillion-dollar optical fiber supply deal and plans to add 1,000 manufacturing jobs at North Carolina facilities

Amazon agreed to a multiyear, multibillion-dollar contract with Corning to supply optical fiber, cable, and connectivity components for U.S. data center infrastructure, with plans to add about 1,000 manufacturing jobs at Corning's North Carolina facilities and expand a fiber technician training program.

The partnership deepens Corning's involvement in AI and cloud infrastructure buildouts and reinforces its position in U.S.-based optical communications manufacturing as hyperscalers seek secure, domestic supply chains. This follows Corning's earlier multiyear partnership with NVIDIA to expand U.S. optical connectivity manufacturing and a prior Meta deal.

Corning's narrative projects $24.3 billion revenue and $3.4 billion earnings by 2029, requiring 15.8% yearly revenue growth and about a $1.8 billion earnings increase from $1.6 billion today. However, the article notes risks including reliance on non-GAAP metrics, elevated debt, and possible demand swings in AI and solar.