Nvidia Invests $500 Million in Corning to Boost U.S. Fiber Optic Production for Data Centers

Nvidia formed a partnership with Corning to expand manufacturing of fiber optics for AI infrastructure. S. fiber production capacity by more than 50 percent.

U.S. jobs. Nvidia is making a $500 million equity-linked investment in Corning.

0001 per share. Both warrants are exercisable immediately and expire within three years unless triggered earlier by termination of the partnership or a major merger and acquisition transaction. Corning's expanded capacity will supply optical connectivity for hyperscale data centers deploying NVIDIA-accelerated computing.

Hyperscalers are set to spend $700 billion this year on data center buildouts. Microsoft, Alphabet, and META all lifted capex forecasts, according to UBS trader Robert Ruple, who noted a mixed bag of hyperscaler prints that leaned generally constructive. 4 percent.

Corning shares jumped 17 percent on the Nvidia partnership and stock deal. AMD shares soared 16 percent at the open, heading toward the best post-earnings gain in seven years. AMD said a shift toward inference, where AI models are deployed in real-world applications, is opening up fresh opportunities for its server CPUs.

The company stated that the world has changed in relation to its earnings report.