Leading GPU and AI chip manufacturer Nvidia announced on Friday that it would invest $500 million in fibre-optic maker Corning Inc. The company is now investing not only in chips but also in the fibre-optic pipes that connect them. Nvidia is now invested in the end-to-end hardware ecosystem of the AI sector, which could boost its stock prospects next.
Corning has pledged to increase its fiber production capacity by more than 50% after signing the deal. This will lead to more fibre-optic pipes to supply AI data centers and smooth out the deployment. Since Nvidia’s presence is increasing in the AI industry, its stock price could surge in the coming months, as the next-gen technology plays out.
In addition, Nvidia will also invest $2.1 billion in IREN as part of the AI data center deal. The agreement with IREN is to deploy 5 gigawatts of power infrastructure to keep the AI deployment running at a faster rate. The GPU maker has secured its place in the AI sector, funnelling billions to build the next-gen tech. Traders who hold Nvidia stock now could benefit immensely in the coming years.
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Nvidia Stock Reaches 52-Week High
Amid the news of the latest collaborations, Nvidia stock breached the $200 mark on Thursday and reached a 52-week high of $216. NVDA settled at $211 at the closing bell, ending the day with a surge of 1.85%. This is the first time that NVDA climbed above the $200 range in 2026, as it remained rangebound.
Nvidia stock has relatively cooled down in value this year, after rising more than 1,000% since 2020. It is now in the consolidation phase, and analysts claim that NVDA at $200 is still a good accumulation phase. Buying now and holding on to the next five to 10 years can deliver stellar returns to holders.