Nvidia Confirms Multibillion Prepayment to Corning Beyond $3.2B Equity for AI Fiber Expansion

Nvidia's partnership with Corning advances with confirmed multibillion-dollar prepayment on May 7 to fund three new U.S. factories, separate from a $500M pre-funded stake in 3M shares and warrants for up to 15M more at $180/share, expandable to $3.2B. Initially announced May 6, the deal boosts U.S. optical connectivity 10x, fiber production 50%+, and creates 3,000+ jobs in North Carolina and Texas for AI data centers using co-packaged optics. Jensen Huang hailed it as revitalizing American manufacturing, driving Corning to $181.31 (+12%) and NVDA +6%; later coverage highlights supply-chain security amid scaling AI deployments.