On August 25, Corning rose 3.33% in pre-market trading, trading at approximately $150.8/share, with turnover of $3.089 million. The optical communications sector staged a broad recovery, with peer Coherent rising 3.35% in tandem.

On the news front, Hengtong Optic-Electric previously disclosed a major order of 160,000 kilometers of optical fiber from Corning, with a contract price of $11 per kilometer, effectively locking in approximately 10% of Corning's production capacity. The deal underscores an expanding fiber supply-demand gap driven by surging North American AI data center buildout requirements, bolstering market confidence in Corning's fundamentals. Additionally, the options market recently saw a $670,000 far-dated out-of-the-money call option order targeting October expiration at a $180 strike, signaling aggressive bullish positioning by institutional capital on Corning's medium-to-long-term outlook.

The move comes after a session of weakness on August 24, when notable hedge fund Appaloosa disclosed a full liquidation of its Corning position in its Q2 holdings report. Zayo also extended its fiber supply agreement with Corning through 2030, planning to add 15,000 route miles to its network.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)