Amazon Is the Latest AI Giant to Sign a Blockbuster Deal With This Under-the-Radar Semiconductor Company (Behind Nvidia and Meta)

Corning has signed a multiyear deal worth approximately $6 billion with Amazon to supply optical connectivity solutions for data centers, joining similar commitments from Meta and Nvidia. The company's Multicore Fiber technology reduces cable requirements by 75% while improving performance. However, analysts caution that Corning's stock trades at a premium valuation (P/E of 61.7) relative to growth expectations, and investors should be prepared for a 5+ year holding period given execution risks and potential AI demand fluctuations.