Shares of Corning and other optical networking companies surged on Tuesday. Nvidia CEO Jensen Huang's comments at the COMPUTEX conference in Taipei ignited a sector-wide rally.
Huang praised competitor Marvell Technology, suggesting it could become the next trillion-dollar company. He cited the critical need for advanced connectivity in AI data centers. His emphasis on high-speed optical connectivity for AI infrastructure boosted investor sentiment across the sector. Corning, a key optical components supplier, benefited.