Nvidia Invests $2.7 Billion in Corning; Kyndryl Plunges on Job Cuts and Outlook
Nvidia has announced a $2.7 billion investment in Corning to build three U.S. manufacturing plants focused on fiber optics, aiming to replace traditional copper wiring and boost data speeds while reducing power consumption. Corning's stock surged over 10% following the deal. Meanwhile, Kyndryl's stock dropped due to job cuts and a negative outlook.
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Topics: ai manufacturing market reaction partnership technology