Corning rises over 7% after signing a multi-billion-dollar high-density fiber supply agreement with telecom operators.

BlockBeats News, September 8 - According to BIT (bit.com) market data, Corning Inc. (GLW) surged over 7.5%, hitting an intraday high of $166, the highest since August 17. Telecom operator Verizon Communications Inc. (VZ) saw its gains climb back above 0.8%.

Corning signed a multi-billion-dollar high-density fiber optic supply agreement with the latter, with the contract period spanning 2027-2032.