BUZZ-Corning shares rise on Nvidia factory funding

NVIDIA Corporation
Corning Inc

NVIDIA Corporation

NVDA

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Corning Inc

GLW

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** Corning Inc GLW shares advance 2.2% to $186.37 premarket

** Nvidia NVDA.O said it made a multi-billion dollar prepayment to help fund new factories for the glassmaker

** The funding is in addition to a previously disclosed equity investment of up to $3.2 billion and is expected to increase U.S. production capacity by a factor of 10, creating thousands of jobs

** The median price target among 17 analysts covering GLW is $190, with an average rating of "buy", per LSEG data

** GLW stock has more than doubled in value this year, significantly outperforming the S&P 500's .SPX 7.2% rise