Forget the Big Chipmakers for a Minute: This Overlooked AI Stock Is Up 114% and Just Landed Deals With Nvidia and Amazon

Corning, a 175-year-old glassmaker, has emerged as a quiet beneficiary of AI infrastructure spending, with its stock up 114% in 2026. The company secured major multibillion-dollar deals with Amazon, Meta, and Nvidia for optical fiber connectivity in data centers. Corning's optical communications sales grew 36% year-over-year in Q1, and the company targets $40 billion in annualized sales by 2030. However, the stock trades at a rich P/E ratio of 90, and investors should be cautious about concentration risk tied to hyperscaler AI spending.