AI infrastructure stocks rally on deal announcements from Qualcomm, Corning
CNBC·
- Corning and Qualcomm announced major infrastructure deals with Verizon and Amazon, boosting Wall Street confidence in sustained data center spending and driving a rally in AI-related stocks.
- Corning secured a multibillion-dollar partnership with Verizon to supply fiber-optic cables, while Qualcomm agreed to supply up to $60 billion in server chips to Amazon.
- These agreements reinforce the broader AI infrastructure buildout and support projected market expansions, despite growing public opposition to local data center construction.