Corning, known for iPhone glass, is now a major supplier of fiber-optic cables for data centers. Demand from AI developers is soaring, with the market expected to triple. A $6 billion deal with Meta Platforms is just the beginning. Corning stock has tripled in the past two years due to this new focus.

Data centers are transitioning from copper to fiber-optic cables for faster, more efficient data transmission. Meta is building massive data centers requiring thousands of miles of cable. Corning sees a huge opportunity in the growing demand for optical fiber. CEO Wendell Weeks predicts a tripling of the market.

Corning’s recent deal with Meta Platforms drove a 13% revenue increase in 2025, with optical communications growing at 35%. The potential $6 billion revenue from the deal will boost the enterprise business significantly. With net income up 71%, Corning is in a strong position for growth.

Corning’s stock may seem pricey with a P/E ratio of 40.8, but compared to other AI semiconductor stocks, it could still be undervalued. The company is finalizing more large agreements similar to the Meta deal, indicating potential for significant future earnings. Corning stock may have room to run.

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