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The latest news and headlines, featuring real time updates for countries, cities, states, politics, economy, sports, food, culture via Ken's Blogspot

New: Why NVIDIA Spent $500M on a Glass Company

Corning (GLW) announced a $500M partnership with NVIDIA on May 6: three new US factories, 10x capacity increase, and a warrant deal. Why the world's largest AI company is spending half a billion dollars on fiber optic cable.

https://telegra.ph/Why-NVIDIA-Spent-500M-on-a-Glass-Company-05-15

#Corning #NVIDIA #Optical #AIInfrastructure

Why NVIDIA Spent $500M on a Glass Company

Corning (GLW) announced a $500 million partnership with NVIDIA on May 6, 2026: three new US optical factories, 10x capacity increase, and a warrant deal that gives NVIDIA up to 15 million shares. Why the worlds largest AI company is spending half a billion dollars on fiber optic cable. NVIDIA reported $68.1 billion in Q4 revenue. Their supply commitments doubled to $95.2 billion in a single quarter. And on May 6, they spent $500 million on a glass company. Not GPUs. Not memory. Glass. Fiber optic cable, to…

Telegraph

US Top News and Analysis | Stocks making the biggest moves midday: Akamai Technologies, Micron, Nebius, Alibaba & more

AI generated summary, Read the full article for complete information.

Midday trading saw a broad rally in chip stocks, with the VanEck Semiconductor ETF (SMH) gaining more than 1% and companies such as Micron Technology (+3%), On Semiconductor (+10%), Marvell Technology (+7%) and Nvidia (+2%) all advancing. Akamai Technologies jumped almost 7% after Bank of America upgraded the stock and highlighted its transition to an AI‑infrastructure platform. AI‑focused cloud firm Nebius surged 16% on a 684% revenue jump to $399 million and the announcement of a new AI factory in Pennsylvania. U.S.–listed Alibaba climbed 6% after reporting a 38% increase in first‑quarter cloud revenue and expanded AI investments. EchoStar rose 4% following FCC approval of a $40 billion spectrum sale to AT&T and SpaceX, while energy company Nextpower gained 12% after raising its full‑year revenue outlook to $3.8‑$4.1 billion. Conversely, Birkenstock fell over 10% and Resideo Technologies dropped 17% after missing earnings and revenue forecasts, respectively. Photonics names benefitted from the AI theme, with Coherent up 6%, Lumentum up more than 2% and Corning up nearly 2%. Wix.com tumbled 30% after reporting earnings of 68 cents per share, well below expectations.

Read more: https://www.cnbc.com/2026/05/13/stocks-making-the-biggest-moves-midday-akam-mu-nbis-baba.html

#AkamaiTechnologies #MicronTechnology #Alibaba #Nvidia #ATT #SpaceX #Birkenstock #Wixcom #ResideoTechnologies #Corning #

#Nvidia and #Corning announced a #partnership to expand domestic #opticalconnectivity manufacturing capacity, building three new facilities in Texas and North Carolina. This collaboration aims to revitalise American manufacturing and support the growing demand for #AIinfrastructure. https://www.cnbc.com/2026/05/07/nvidia-ceo-ai-partnership-corning-revitalize-american-manufacturing.html?eicker.news #tech #media #news

NVIDIA and Corning want to build America’s AI backbone with new factories and thousands of jobs

https://fed.brid.gy/r/https://nerds.xyz/2026/05/nvidia-corning-ai-manufacturing/

World Cities

The latest news and headlines, featuring real time updates for countries, cities, states, politics, economy, sports, food, culture via Ken's Blogspot

World Cities

The latest news and headlines, featuring real time updates for countries, cities, states, politics, economy, sports, food, culture via Ken's Blogspot

US Top News and Analysis | We toured an AI data center to see how our stock names make these facilities work

AI generated summary, Read the full article for complete information.

The article reports on a tour of CoreSite’s AI‑optimized NY3 data center in Secaucus, New Jersey, highlighting how massive power, cooling, and fiber‑optic infrastructure are essential for today’s artificial‑intelligence workloads. CEO Juan Font likens the facility to a shared‑services mall, while executives from CoreSite, Prime Data Centers, and Amazon explain that demand for megawatts—now measured in hundreds to thousands—has surged as tech giants such as Amazon, Alphabet, Meta, Microsoft and chip makers Nvidia and Broadcom pour billions into new campuses. To meet this load, data centers are turning to supplemental energy sources (fuel cells, natural‑gas turbines from GE Vernova), advanced power‑distribution equipment from Eaton, high‑performance GPUs and custom chips, and liquid‑cooling solutions from companies like Dover and Boyd Thermal. The growth in fiber‑optic connectivity, driven by suppliers such as Corning, and networking hardware from Broadcom and Nvidia, is also accelerating. The piece underscores the investment thesis that the AI‑driven data‑center boom creates opportunities across five sectors—power, chips, fiber, networking, and cooling—with CNBC Investing Club holdings positioned in firms like GE Vernova, Eaton, Nvidia, Broadcom, Corning and Dover.

Read more: https://www.cnbc.com/2026/04/29/we-toured-an-ai-data-center-to-see-how-our-stocks-make-these-facilities-work.html

#CoreSite #Nvidia #Broadcom #Corning #JuanFont

US Top News and Analysis | Red-hot Corning shares slide on earnings. Why that's a gift to investors

AI generated summary, Read the full article for complete information.

Corning’s shares dropped more than 7% after the glassmaker posted earnings that beat revenue estimates—core sales rose 18% year‑over‑year to $4.35 billion, driven by strong AI‑related optical communications (up 36%) and a rapidly expanding solar segment (up 80%)—and adjusted EPS ticked up 30% to $0.70, just above expectations. The company highlighted two new long‑term supply agreements with unnamed hyperscalers, mirroring a prior $6 billion deal with Meta and spreading risk by tying capacity expansion to secured customers, which analysts view as a positive confidence signal for its role in the growing AI‑infrastructure market. Management reorganized reporting segments, added a dedicated Solar unit, and forecast current‑quarter core sales growth of about 14% (≈$4.6 billion) with EPS of $0.73‑$0.77. Maintaining a $180 price target and a “2” rating, analysts suggest that investors without a position could consider a modest entry, while awaiting further detail from an upcoming investor day and upcoming hyperscaler earnings.

Read more: https://www.cnbc.com/2026/04/28/red-hot-corning-shares-slide-on-earnings-why-thats-a-gift-to-investors.html

#Corning #MetaPlatforms #AI #OpticalCommunications #JimCramer