Corning shares surge 10.04% intraday following BofA's upgraded $155 target, AI-focused optical product unveil, and US Conec partnership for high-density connectivity.

Corning surged 10.04% intraday, driven by a UBS analyst's upgrade to a $155 price target and the company's announcement of new AI data center optical innovations at OFC 2026, including multi-core fiber and expanded beam connectors, as well as a partnership with US Conec to enhance high-density connectivity for next-gen AI networks. The analyst, Wamsi Mohan, maintained a "buy" rating, citing improved growth prospects, while Corning highlighted its collaboration to license PRIZM TMT optical connector technology for advanced AI infrastructure.