Corning Stock News

‘Everybody forgot about them for 20 years. And now suddenly they're important again.

Lumentum is the best-performing S&P 500 stock Wednesday, and Coherent isn't far behind. Corning is seeing smaller gains.

Corning stock is one of the worst-performing S&P 500 stocks in the trading session and it isn't just because of the AI-trade selloff.

Some AI stocks are rising even as investors fret about a flare-up in inflation, while Casey's sinks despite a first-quarter earnings beat.

Corning and Qualcomm popped on Tuesday, and lifted other companies tied to the AI infrastructure trade, including Intel and Advanced Micro Devices. Qualcomm announced a partnership with Amazon that included issuing $4 billion in stock warrants to the cloud provider.

Corning shares are jumping after the company agreed to a lucrative supply agreement with Verizon Communications for high-density optical fiber. The news is lifting shares of other companies in the space, too.

Verizon said on Tuesday it has signed ​an agreement with specialty ‌glass maker Corning for high-density optical fiber, as the telecom ​company ramps up ​broadband expansion and reinforces network ⁠infrastructure to support AI ​workloads.

Corning stock rose after the provider of optical communications gear for telecom networks announced a multibillion-dollar agreement with Verizon.