AI lifts stocks of glass makers, machinery firms and Toto
NewsBytes | May 7, 2026 10:39 AM CST
Corning, Caterpillar, Toto see AI demand
Corning's shares shot up 12% after NVIDIA put $500 million into its fiber-optic business (which helps move all that AI data), plus a huge cable deal with Meta that could be worth $6 billion.
Caterpillar is getting more orders for its power equipment used in data centers and is investing $725 million to ramp up engine production.
Even Toto (the Japanese toilet maker) saw sales of its electrostatic chucks more than doubled and its stock jump 22% this month, thanks to demand from semiconductor makers riding the AI wave.
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