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NVIDIA Secures $500M Corning Warrants

NVIDIA Secures $500M Corning Warrants

NVIDIA is taking a $500M equity-linked stake in Corning via warrants for 15M shares at $180 and a pre-funded warrant for 3M more. This accompanies Corning's commitment to build three new US optical-connectivity plants and expand capacity tenfold. Corning shares closed up about 14%.

The Next Web (TNW)MediaMay 6#fiber-optics#warrants#us-plants