Corning stock surged Monday after the company inked a major data center deal with Amazon — the latest in a string of high-profile wins for the Club holding. Amazon said it will pay Corning billions of dollars for optical fiber in the coming years to support its growing data center footprint. The investment will allow Corning to expand production and create 1,000 new jobs at its North Carolina manufacturing facilities. Corning opened up 8.4% on the news. The stock settled down a bit, but still closed up more than 5%. Investors cheered the boost to Corning’s biggest reporting segment, optical communications. Revenue for the division jumped 36% year over year last quarter as hyperscalers turned to Corning for its fiber-optic cabling and networking solutions, which are essential to the build-out of AI infrastructure and data centers. These hyperscalers include the likes of Meta Platforms, which disclosed a partnership with Corning back in January. Meta said it would spend up to $6 billion through 2030 for these fiber-optic cables in its artificial intelligence data centers. In late April, Corning also announced a supply agreement and $500 million investment from chipmaker Nvidia to bring more of its glass technology inside data centers. “Can I tell you, this is unbelievable?” Jim Cramer said last month after the Nvidia deal. “This is a different Corning. There’s actual demand for it. The customers are real, and they are spectacular.” During Corning’s earnings call on April 28, CEO Wendell Weeks shared that, along with Meta, there were two other agreements with hyperscale customers that were “very significant.” Details were light at the time, but Weeks told Jim Cramer a week later that each was worth more than Meta’s up to $6 billion deal. “Probably the biggest commercial arrangement ever in my career we just entered into with Nvidia, and then these other two major ones are larger than the Meta deal that’s been public on, and I’m sure some of those customers will want to be more open about that over time,” Weeks said during “Mad Money” last month. It’s unclear if Amazon is one of these two hyperscalers that Weeks mentioned. A Corning spokesperson told CNBC that the company’s “approach is to let our customers decide when and where they choose to make announcements about their supply chain decisions.” The spokesperson added that Amazon is just “one of many deals in our pipeline.” An Amazon spokesperson declined to comment on the deal size. Even without confirmation, though, it’s still encouraging to see that Corning has named a third alliance with some of the world’s biggest tech companies in the span of just six months. Not only will each agreement boost revenue, but it will also lessen the risk of Corning expanding capacity too much. Corning has been burned before by capacity investments made ahead of revenue that never materialized. The company has learned and adapted from how it operated during the boom-and-bust dotcom era. These new long-term contracts with hyperscalers like Amazon ensure that demand is there ahead of the supply buildout. That way, Corning shares in the risk with its partner companies. Monday’s rally in Corning gets its stock back on track after a recent dip. The stock has more than doubled year to date, compared to the S & P 500 ‘s just over 8% advance in 2026. Last week, we sold some after a big run. Corning surged after Nvidia CEO Jensen Huang talked about the importance of optics to the data center buildout during the important Computex conference. It’s important that investors not get greedy when a position swells. It’s prudent portfolio management. We realized a gain of roughly 133% on shares purchased back in October. GLW YTD mountain Corning YTD We are not doing the same on Monday. We sold on June 2, around $200 per share; there’s no reason to trim around $187. “That was a good sale,” Jim said during Monday’s Morning Meeting . “That makes me feel like we hold. Remember, a sale immunizes you.” Taking partial profits can protect against whatever happens next in the market that swooned Friday and bounced Monday. Last week’s Corning trim was not because our thesis changed. If anything, we keep getting more bullish on Corning. These partnerships are a textbook example of why we started a position. Corning is an unlikely winner of the AI boom. It’s crucial optical communications segment offers a more efficient alternative in fiber to the slower copper connections found in data centers. That presents yet another long-term catalyst for the stock. “When you think fiber, you must think Corning,” Jim said during our May Monthly Meeting . He added that Corning also “makes the glass for everything from the cover of your Apple phone to the glass on the new electric Ferrari .” That’s another reason why we like the stock – it’s manufacturing partnership with Club holding Apple for device screens. “It’s a fabulous, treasured American icon and a tremendous stock,” Jim said. “[Corning] keeps getting discovered again and again by the analyst community.” (Jim Cramer’s Charitable Trust is long GLW, AMZN, META, NVDA, AAPL. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. 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