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New
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AI Deals Drives Corning (GLW) Shares Up 50% In 2026: Can the Rally Continue?
Corning (GLW) shares have surged over 50% year-to-date in 2026, driven by a $6 billion multiyear fiber optic supply deal with Meta Platforms for AI data centers and strong Q4 earnings. The company also surpassed its 20% operating margin target a year early and upgraded its “Springboard” plan to target $11 billion in incremental annualized sales by 2028. While valuation multiples are stretched, Wall Street anticipates significant earnings growth, suggesting the rally could be sustainable if AI infrastructure buildout continues.