NVIDIA Climbs 5% on $500M Corning Deal: Optical Connectivity Becomes the New AI Bottleneck
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This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. © wellesenterprises / iStock NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) shares are up by about 5% midday Wednesday, trading near $206 after the chip leader unveiled a $500 million strategic supply agreement with Corning (NYSE:GLW) focused on optical connectivity for AI data centers.
Corning stock is the bigger winner, jumping 14% to $185. The deal landed before noon on the same day Corning is hosting its investor event, where management plans to unveil a new Photonics Market-Access Platform.
Original reporting: 24/7 Wall St..
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