What's Going On With Applied Materials Stock Tuesday?
Applied Materials (AMAT) stock slips 2% in premarket trading. Here is a look at technical levels, analyst price targets, and more.
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Corning Lands Multi-Billion Verizon Fiber Deal Supporting Broadband and AI
Corning and Verizon signed a multi-billion dollar agreement covering more than 80 million miles of optical fiber and connectivity solutions through 2032.
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Shares of fiber-optic connectivity companies are trading lower as elevated Treasury yields and increased Fed rate-hike expectations following the latest inflation data weigh on technology stocks. Higher borrowing costs could pressure AI infrastructure spending plans, raising concerns about future demand for fiber-optic equipment and connectivity solutions.