Corning CEO Sells 100,000 Shares as Company Lands Multibillion-Dollar Amazon AI Deal
GLW•Corning CEO Wendell P. Weeks sold 100,000 shares at $186.46 while retaining 908,353 shares after the company secured a multibillion-dollar, long-term Amazon AI infrastructure deal. Corning will expand optical fiber production in North Carolina, adding 1,000 jobs to meet rising demand from U.S. data centers.
1. Insider Stock Sale
On June 9, 2026, Chairman and CEO Wendell P. Weeks sold 100,000 Corning shares at $186.46 per share, while retaining a position of 908,353 shares. The transaction represents a notable insider move coinciding with the company’s latest strategic developments.
2. Multibillion-Dollar Amazon AI Agreement
Corning secured a long-term, multibillion-dollar contract to supply optical fiber and cable for Amazon’s expanding U.S. data center network. This partnership strengthens Corning’s role in AI infrastructure hardware and is expected to drive significant revenue over the agreement’s term.
3. North Carolina Production Expansion
To satisfy growing demand for dense optical fiber, Corning is expanding its North Carolina manufacturing facilities and creating 1,000 new jobs. The investment will increase production capacity to support next-generation AI computing clusters in U.S. data centers.
