Corning Inc. (NYSE:GLW) shares are trending on Tuesday night.
GLW edged higher in after-hours trading on Tuesday, rising 0.68% to $137.15.
The multinational technology company, which leverages expertise in glass science, ceramics and optical physics, closed the regular session up 5.56% at $136.22.
What’s Driving The Rally?
The stock move came as investor interest spiked as AT&T Inc. (NYSE:T) unveiled a sweeping $250 billion U.S. connectivity investment commitment. Corning is a major supplier to AT&T.
AT&T CEO John Stankey announced the long-term investment commitment, citing a “most conducive” regulatory environment for infrastructure spending.
“Today, we’re committing more than $250 billion to increase U.S. connectivity competitiveness and expand access to AT&T’s leading fiber and wireless networks,” Stankey said.
