Corning (GLW) Shares Soar 10% Following Major Amazon Optical Fiber Partnership

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Amazon and Corning revealed a multiyear, multibillion-dollar partnership to deliver optical fiber for Amazon’s expanding data center operations.
Shares of Corning climbed more than 9% during premarket hours and reached approximately 10% gains by Monday morning.
The partnership will generate 1,000 new manufacturing positions at Corning’s North Carolina production facilities.
Amazon plans to invest in scaling Corning’s manufacturing operations and will back a fiber optic technician education initiative.
This announcement comes after Corning secured another major agreement with Meta valued at up to $6 billion earlier this year.

On Monday, Amazon and Corning unveiled a multiyear, multibillion-dollar partnership to provide optical fiber, cabling, and connectivity infrastructure for Amazon’s expanding network of data centers throughout the United States.

$AMZN announced a multibillion-dollar deal with $GLW to supply optical fiber, cable and connectivity solutions for its U.S. data center buildout.
The deal expands Amazon’s domestic fiber supply chain as AI data center demand keeps scaling pic.twitter.com/WRQUYTHW5q
— Shay Boloor (@StockSavvyShay) June 8, 2026

Shares of Corning surged over 9% during premarket trading hours and maintained approximately 10% gains by Monday morning. The stock has already seen remarkable growth in 2026, more than doubling in value primarily due to escalating fiber demand.

Corning Incorporated, GLW

Meanwhile, Amazon’s stock price rose roughly 1.2% following the announcement.

The partnership includes Amazon’s direct financial commitment to expand Corning’s production capabilities in North Carolina. This expansion is projected to generate 1,000 advanced manufacturing positions at these locations, alongside hundreds of additional construction jobs.

Under the terms of the arrangement, Amazon will collaborate with Corning to enhance its Fiber Optic Technician Training Program through Catawba Valley Community College, equipping students with skills necessary for careers in fiber optic production and associated technical fields.

CEO Wendell Weeks of Corning characterized the partnership as “a milestone for Corning and for American manufacturing,” emphasizing that Amazon’s capital commitment will facilitate production expansion and “lead the way toward building a resilient U.S. manufacturing base.”

The strategic agreement aims to fortify the domestic supply infrastructure for fiber and cable solutions that support Amazon’s data center ecosystem.

Optical Sector Sees Broader Gains

The partnership announcement generated positive momentum across other optical-networking hardware companies as well. Coherent’s stock climbed approximately 6% while Lumentum’s shares jumped nearly 4% on the news.

Marvell Technology also experienced gains of around 8.5%, although that increase was attributed to its upcoming addition to the S&P 500 index rather than the Corning-Amazon partnership.

Second Major Partnership of the Year

This marks Corning’s second significant enterprise agreement in 2026. Previously this year, the company announced a multiyear partnership with Meta valued at up to $6 billion to support data center construction, committing to enhance capacity at its Hickory, North Carolina facility and broaden its manufacturing presence statewide.

Monday’s Amazon partnership reinforces this trajectory and complements Amazon’s substantial existing presence in North Carolina, where the tech giant has invested over $20 billion since 2010 and maintains a workforce exceeding 26,000 employees.

Additionally, Amazon revealed plans last year for a $10 billion investment in North Carolina focused on expanding its cloud computing infrastructure.

Specific financial details of the Corning partnership were not immediately released.