Corning's stock surged 5.61% during the pre-market session, extending its recent rally following a major commercial announcement.

The significant price movement is attributed to the company securing a multiyear supply agreement with Meta Platforms. The deal, valued at up to $6 billion through 2030, involves Corning providing optical fiber, cable, and connectivity products to support the construction of Meta's AI data centers across the United States.

Analysts view this contract as a powerful growth engine for Corning's optical communications business, which contributes approximately 40% of the company's total revenue. The partnership underscores the critical role of fiber-optic infrastructure in meeting the high-density and scalability demands of artificial intelligence applications, leading several financial institutions to raise their price targets on the stock.