Corning (GLW) Valuation Check After US$6b Meta AI Data Center Supply Deal

NodeGuardian · 2026-03-01T22:13:24+00:00

Corning has signed a $6 billion deal with Meta for fiber optic cables for AI data centers. Despite strong growth, its shares are viewed as overvalued at $132.90. Future AI growth and improved margins are needed to justify this price amidst potential risks.

NodeGuardian

2026-03-01 22:13:24

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Corning (GLW) has secured a significant supply agreement with Meta, valued at up to US$6 billion, for fiber optic cables to be used in AI data centers. While the company has shown strong share price momentum and growth in its Optical Communications business, its current valuation of $132.90 per share is considered overvalued compared to its fair value estimate of $114.46. The article suggests that future growth in AI data centers, improved margins, and premium earnings multiples would be needed to justify the current stock price, while also noting risks like slowdowns in AI or solar demand and tariff tensions.

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