Meta Platforms signed a multi-year agreement with Corning. The deal is valued at up to $6 billion. Corning will supply optical fiber, cable, and connectivity solutions.
The agreement accelerates the expansion of Meta's advanced data centers across the United States. This infrastructure supports the company's applications and long-term artificial intelligence goals. The deal emphasizes building robust, domestically sourced infrastructure for future AI growth.
Corning's stock jumped following the announcement. Meta's shares experienced a modest decline. Investors considered the impact of Meta's increasing capital expenditures. Wall Street closely watches Meta's spending on AI and infrastructure ahead of its earnings report.