Amazon announces a multiyear, multibillion-dollar deal with Corning to produce optical fiber for its US data centers; Corning shares jump 8%+

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Summary

Amazon has announced a multiyear, multibillion-dollar deal with Corning to produce optical fiber for its US data centers. The deal is expected to boost Corning's shares by 8%.

Why it matters

The deal is significant as it will provide Amazon with a reliable source of optical fiber for its data centers, while also boosting Corning's revenue and shares.

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