Corning Signs $6B Fiber-Optic Deal with Meta
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 09 2026
0mins
Should l Buy GLW?
Corning (GLW) has lost money on fiber-optic cables for nearly 20 years, but now the stock is hovering around its all-time high, boosted by a $6B deal with Meta (META) to supply fiber-optic cables for the company's AI data centers, Christopher Mims of The Wall Street Journal reports. Additionally, Corning is in discussions with other company for similar deals.
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Analyst Views on GLW
Wall Street analysts forecast GLW stock price to fall
10 Analyst Rating
8 Buy
2 Hold
0 Sell
Strong Buy
Current: 132.010
Low
83.00
Averages
99.00
High
110.00
Current: 132.010
Low
83.00
Averages
99.00
High
110.00
About GLW
Corning Incorporated operates as an innovator in materials science. Its segments include Optical Communications, Display Technologies, Specialty Materials, Environmental Technologies, and Life Sciences. Its Optical Communications segment manufactures carrier network and enterprise network components for the telecommunications industry. Its Display Technologies segment manufactures glass substrates for flat-panel displays, including liquid crystal displays and organic light-emitting diodes. Its Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics and fluoride crystals for customer needs. Its Environmental Technologies segment manufactures ceramic substrates and filters for emission control systems in mobile applications. Its Life Sciences segment develops, manufactures and supplies laboratory products, including labware, equipment, media, serum and reagents, enabling workflow solutions for drug discovery and bioproduction.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Investor Sentiment: Despite recent insider sales raising concerns, institutional interest remains high, with nearly 70% of shares owned by institutional investors, suggesting confidence in Corning's future in the AI sector.
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- Profit Locking: This sale marks the first trim since initiating the position last October, successfully locking in a gain of about 55%, reflecting a strategy to manage market volatility.
- Market Performance: Corning's stock has risen over 50% year-to-date, making it the sixth-best performer in the S&P 500 for 2026, indicating strong demand in the optical fiber and cable market.
- Future Outlook: While maintaining optimism about Corning's long-term prospects, particularly with potential supply agreements with major clients, the trust has downgraded its rating to 2, indicating no plans to increase holdings until a price pullback occurs.
See More
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- Tax Credit Alignment: The initial guidance from the U.S. Department of Treasury regarding the OBBBA foreign entity of concern provisions aligns with T1's expectations, further confirming the company's eligibility for Section 45X tax credits, which enhances its financial stability.
- Strategic Transactions: In December 2025, T1 announced a series of strategic transactions designed to meet foreign entity of concern compliance requirements, involving equity, debt, and intellectual property restructuring, ensuring the company's future compliance and market position.
- U.S. Supply Chain Development: T1 began construction on a solar cell factory in Rockdale, Texas, and operates a state-of-the-art solar module factory in Wilmer, demonstrating its commitment to reshaping the American solar supply chain, which is expected to create numerous jobs and drive economic growth.
See More
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- Compliance Measures: After months of compliance efforts, T1 announced a series of strategic transactions in December 2025 to ensure compliance with foreign entity of concern (FEOC) requirements, involving equity, debt, and intellectual property restructuring, thereby strengthening the company's compliance position.
- Manufacturing Capacity Development: T1 commenced construction of a solar cell fab in Rockdale, Texas, and operates a state-of-the-art solar module factory in Wilmer, indicating its commitment to rebuilding the American solar supply chain and driving domestic manufacturing revival.
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