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Corning stock surges to intraday high after company lands $500 million Nvidia deal
Key takeaways
- What’s behind the move: The glass manufacturer and fiber optic hardware company struck a $500 million deal with Nvidia (NVDA) to supply components for the artificial intelligence leader’s data center build-out.
- According to a regulatory filing, Nvidia will purchase 3 million shares of Corning at $0.0001 each and will have warrants to buy up to 15 million shares for $180 each.
- What else you need to know: Nvidia has been aggressively inking supply chain agreements with fiber optic and optical communications companies as it tries to keep up with data center demand.
Corning stock surges to intraday high after company lands $500 million Nvidia deal Grace O'Donnell · Editor, Special Projects Wed, May 6, 2026 at 9:49 PM GMT+7 1 min read GLW NVDA What happened: Corning (GLW) stock jumped 9% on Wednesday, reaching an intraday record high.
What’s behind the move: The glass manufacturer and fiber optic hardware company struck a $500 million deal with Nvidia (NVDA) to supply components for the artificial intelligence leader’s data center build-out.
According to a regulatory filing, Nvidia will purchase 3 million shares of Corning at $0.0001 each and will have warrants to buy up to 15 million shares for $180 each.
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