By Angela Palumbo
Corning stock was climbing on Friday, with shares of the glassmaker on pace for a record high.
Corning stock was up 5.4% on Friday to $118.82. That put it on track for a new all-time closing high, according to Dow Jones Market Data. It would be the stock's first record closing high since Sept. 1, 2000.
Corning has had a great 2026 so far. Shares have jumped 34% since the start of the new year.
Corning, which makes glass products for tech companies like Apple, announced a multiyear deal with Meta Platforms on Jan. 27. The company said it would supply Meta with cabling, optical fiber, and connectivity solutions for data centers across the U.S.
That announcement sent the stock soaring 16%. Shares then came down 5% on Jan. 28 after the company reported fourth-quarter earnings and revenue that beat estimates. It seemed investors were taking profits after such a big run the day before.
Corning stock is up 121% over the past 12 months as investors continue to bet that the glassmaker will be a beneficiary of the artificial intelligence boom. On top of making glass for iPhone screens, Corning also produces optical fiber and cabling -- two in-demand components for AI data centers.
Write to Angela Palumbo at angela.palumbo@dowjones.com
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February 06, 2026 12:13 ET (17:13 GMT)
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