Corning stock surged over 16% after news of a new partnership with Meta Platforms, with Facebook parent agreeing to pay up to $6 billion for fiber-optic cables through 2030. CEO Jim Cramer advises investors not to sell, predicting potential for stock to hit $200. Corning has seen a 123% jump in the past year due to high demand for its energy-efficient fiber optics cables. The Meta deal is expected to make Corning the world’s largest fiber-optic cable plant, with potential for future orders from big tech companies like Apple, Nvidia, Google, Microsoft, and Amazon. Apple recently announced a $2.5 billion investment in Corning’s manufacturing facility. Corning is set to report earnings on Wednesday morning, with a current price target of $95 per share and a buy-equivalent 1 rating. Subscribe to CNBC Investing Club for trade alerts from Jim Cramer.

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1. Apple announces plans to invest $430 billion in the U.S. over the next five years, creating 20,000 new jobs. The tech giant aims to expand its manufacturing footprint and support the growth of its supply chain partners.

2. The Federal Reserve is expected to raise interest rates in response to rising inflation. The central bank is under pressure to curb inflation while also supporting economic recovery from the pandemic.

3. Tesla reports record profits in the fourth quarter of 2021, driven by strong demand for electric vehicles. The company’s revenue more than doubled to $17.7 billion, surpassing Wall Street expectations. CEO Elon Musk remains optimistic about future growth.: Why investors shouldn’t cash out on Corning’s monster rally just yet