What's Going On With Corning Stock Thursday?

Corning Incorporated (NYSE:GLW) shares are trading higher during Thursday’s premarket session, bucking a softer tape as risk appetite looks uneven heading into the open.

Nasdaq futures are down 0.19% while S&P 500 futures have shed 0.26%, and GLW’s strength looks more like stock-specific momentum than a broad market bid.

Corning, Meta Kick Off Major AI Infrastructure Buildout

Corning and Meta Platforms Inc. (NASDAQ:META) have begun construction on an expanded optical cable manufacturing facility in Hickory, North Carolina, announced recently on March 31, to support growing demand for AI data center infrastructure.

The project is part of a multiyear agreement worth up to $6 billion, under which Corning will supply advanced optical fiber and connectivity solutions, with Meta as the anchor customer.

The expansion is expected to strengthen the U.S. supply chain for AI infrastructure and could increase Corning’s North Carolina workforce by 15% to 20%, reinforcing the state’s role as a key manufacturing hub.

Technical Analysis

At $166.94, the stock is trading 21.1% above its 20-day simple moving average (SMA), the stock’s average price over the last 20 sessions, which suggests strong short-term trend control by buyers. It’s also 50.8% above its 100-day SMA, a sign the intermediate uptrend ...

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