Corning's stock has surged fivefold over the past two years, driven by significant AI-related contracts and a strategic investment from NVIDIA. On May 6, NVIDIA announced a $500 million investment in Corning, with potential to increase to $3.2 billion. This deal includes 18 million shares, with 3 million shares effectively gifted to Corning, highlighting the strategic importance of their partnership. Following this announcement, Corning raised its revenue growth target to $40 billion by 2030. Corning has secured multi-billion-dollar contracts with major tech companies, including a recent $6 billion deal with Meta, and two additional unnamed companies. These contracts underscore Corning's pivotal role in the AI infrastructure sector, particularly in optical communications. The company's optical communications segment has seen dramatic growth, with revenue tripling over five years to $6.3 billion in 2025. This transformation is part of Corning's 'Springboard' strategy, which has propelled its stock price from $30 in early 2024 to $162, marking a 140% increase in just six months.