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Corning (GLW) is now home to another massive fiber deal. On Sept. 8, Verizon (VZ) struck a multibillion-dollar supply agreement with Corning for more than 80 million miles of high-density optical fiber and connectivity solutions through 2032. Fiber not only supports Verizon's broadband initiative but is needed for the construction of the long-haul, low-latency network necessary to link artificial intelligence (AI) data centers.
The timing is particularly fortuitous for Corning. The company already has a multibillion-dollar deal in place with Amazon (AMZN), as well as an initiative tied to Nvidia's (NVDA) AI infrastructure construction. Simply put, Corning is gaining traction in several different layers of the network, both inside and outside AI data centers.
