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Corning partners with Nvidia to expand US fiber optic output for AI growth
Reuters127d agoneutral
Corning partners with Nvidia to expand US fiber optic output for AI growth

Corning and Nvidia said on Wednesday they would partner to expand U.S. production ‌of optical connectivity products used in artificial intelligence ‌data centers. The specialty glass maker also raised its long-term sales targets ​on surging demand for AI infrastructure. The deal shows how the AI boom is lifting demand beyond chips, benefiting suppliers ‌such as Corning ⁠that make the fiber-optic equipment needed to move data between thousands of processors in ⁠large data centers.

Microsoft may shelve 2030 clean energy target as AI lifts power use, Bloomberg News reports
Reuters127d agoneutral
Microsoft may shelve 2030 clean energy target as AI lifts power use, Bloomberg News reports

Microsoft is considering delaying or abandoning its 2030 goal of matching its entire hourly ‌electricity use with renewable energy purchases, Bloomberg News ‌reported on Wednesday, citing people familiar with the matter. The expensive and ​energy-intensive push for data centers is reshaping the feasibility of Microsoft's climate commitments that were made before the AI era and rank among the industry's most ambitious targets, the ‌report said. The discussions were ⁠ongoing and no final decision has been made, Bloomberg News added.

Assurant Q1 Earnings Call Highlights
MarketBeat127d agoneutral
Assurant Q1 Earnings Call Highlights

Assurant (NYSE:AIZ) reported what management described as the strongest first-quarter performance in the company’s history, driven by record earnings in its Global Lifestyle segment and continued momentum across mobile device protection and related services. On the company’s first-quarter 2026 earn

FedEx wins war waiver for Dubai cargo route
FreightWaves127d agobullish
FedEx wins war waiver for Dubai cargo route

The Iran war is impacting FedEx operations in Dubai, which wants U.S. permission to pause flights there from Hong Kong so it doesn’t lose the right to fly that route. The post FedEx wins war waiver for Dubai cargo route appeared first on FreightWaves.

Holley Inc. (HLLY) Q1 Earnings Meet Estimates
Zacks127d agoneutral
Holley Inc. (HLLY) Q1 Earnings Meet Estimates

Holley (HLLY) delivered earnings and revenue surprises of -6.19% and -4.52%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?

Glass Manufacturer Corning Gets a Boost From Nvidia
The Wall Street Journal127d agoneutral
Glass Manufacturer Corning Gets a Boost From Nvidia

Shares in Corning are trading nearly 20% higher premarket after Nvidia said it would invest $500 million in the glassmaker. The injection is part of a partnership to expand manufacturing of fiber optics, which are used in AI data centers to transfer data quickly and at scale. Demand for fiber optics has supercharged Corning stock in recent months.

Oscar Health (OSCR) jumps after major earnings beat and margin improvement
InvestorsHub127d agobullish
Oscar Health (OSCR) jumps after major earnings beat and margin improvement

Oscar Health (NYSE:OSCR) surged nearly 11% in premarket trading on Wednesday after the company reported first-quarter earnings far above Wall Street expectations, driven by strong profitability gains and improving operating margins. The health insurance provider posted adjusted earnings per share of $2.