BUZZ-Corning jumps on multibillion-dollar Amazon deal for producing optical fiber

Corning
Amazon.com

Corning

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Amazon.com

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** Shares of specialty glass maker Corning GLW.N soar 10.4% to $196.30 premarket

** Amazon AMZN.O announces a multiyear, multibillion-dollar agreement with GLW, to supply the optical fiber, cable and connectivity solutions that power AMZN's expanding data center infrastructure across the U.S.

** Says the investment will create 1,000 new, highly skilled jobs at GLW's manufacturing facilities across North Carolina, and support hundreds of additional construction jobs to expand GLW's facilities

** Up to last close, stock has more than doubled this year