Chip shares rallied in overnight trading. Seagate up 10%; TI up 8%; Western Digital up 7%; Microchip up 6%; ON Semi, Intel and SanDisk up 4%; Micron up 3%; ASML up 2%.
Facebook parent Meta Platforms has signed a deal to pay Gorilla Glass maker Corning up to $6 billion through 2030 for fiber-optic cables in its AI data centers, CNBC reported on Tuesday. Corning shares gained 3% in overnight trading after surging 16% on Tuesday.
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