Corning Jumps 10% After Nvidia Backs 3 Optical Plants With Up to $3.2 Billion

4 articles · Updated · CNBC · May 11

Corning shares rose 10% in midday trading, extending the stock's rally to a pace for a sixth straight gain.
Nvidia's plan to invest up to $3.2 billion in Corning and partner on three new optical-technology plants drove the latest surge.
Bank of America added Corning to its U.S. 1 List of top buy-rated ideas, adding fresh support to the momentum.
The move came as chip stocks stayed strong more broadly, with Nvidia up 3% and the VanEck Semiconductor ETF gaining more than 1%.

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