Corning and Meta made a giant fiber deal worth $6 billion.

Record Deal Between Corning and Meta

Corning **(GLW)** has signed a $6 billion fiber optic cable agreement with Meta **(META)**. This strategic partnership involves Meta sourcing fiber optic cables from Corning to support the infrastructure required for artificial intelligence data centers by 2030. This development has generated significant excitement among investors, with Corning's shares rising by more than 7% in pre-market trading.

CEO Wendell Weeks: Demand is Rising

Corning CEO Wendell Weeks emphasized in a special interview with CNBC that this agreement reflects the growing demand from major technology companies. Weeks stated, “Almost every call from my customers is asking us to supply more products.” It is anticipated that hyper-scale companies will be Corning’s biggest customers next year.

Market Performance and Future Expectations

Corning’s shares have gained over 91% in value over the past year, parallel to the increase in fiber demand from tech giants like Meta, Nvidia, OpenAI, Google, AWS, and Microsoft. This positive performance has led investors to feel optimistic about potential future growth.

On the other hand, despite the expected decline in Meta's market performance in 2025, it has been announced that the company plans to invest $600 billion in capital expenditures for building AI infrastructure and data centers until 2028. This situation could support the long-term growth strategies of both Meta and Corning.