FILE PHOTO: A screen displays the logo for Corning Inc. at the New York Stock Exchange (NYSE) in New York, U.S., November 18, 2019. REUTERS/Brendan McDermid/File Photo
(Reuters) -Corning raised its second-quarter core sales forecast on Monday, as demand for its fiber optic products surges with the rising adoption of generative AI technology, sending the specialty glass maker's shares up more than 9%.
Corning's fiber optic solutions help companies transmit massive amounts of data needed for training AI systems. Hyperscale data centers require high-capacity optic cables to interconnect the facilities that may house storage devices and other infrastructure for their operations.
