Nvidia’s stock slide is puzzling investors after the AI chip giant announced a major equity investment in Corning. CEO Jensen Huang later said Nvidia made a multi-billion-dollar prepayment that wasn’t disclosed when the Corning investment was first announced. The gap between announcement details and later clarification has fueled uncertainty about costs and timing.
Corning is partnering with Nvidia to ramp up U.S. production of optical connectivity used in AI data centers. The plan is to tenfold Corning’s optical connectivity manufacturing capacity and expand domestic fiber production by more than 50%. The expansion is also expected to create thousands of jobs as AI infrastructure demand accelerates.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
