Corning (GLW) Stock Shimmers After Earnings. How Did It Become the Next AI Play?
Material science firm Corning (NYSE: GLW ) stock jumped after it raised second-quarter guidance. The maker of fiber optic cabling is now considered an artificial intelligence (AI) play.
Corning (GLW) Moves 12.0% Higher: Will This Strength Last?
Corning (GLW) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
Three AI Plays Led S&P 500 Stocks Monday
Corning and Super Micro were the S&P 500 index's top performers on Monday, while Chipotle was the biggest loser.
Corning shares pop 12% as AI boom drives stronger-than-expected demand for equipment
Corning said it expects Q2 sales of $3.6 billion, up from previous guidance of $3.4 billion. Q2 earnings are also expected to mark a return to year-over-year growth.
Corning jumps as AI data centre demand boosts return return to growth
Corning Inc (NYSE:GLW, ETR:GLW) climbed over 10% after the Gorilla Glass and optical fiber maker said that earnings and sales returned to growth in the last quarter, due to demand linked to the artificial intelligence trend. Management now expects $3.3 billion of second-quarter core sales, compared with previous guidance of $3.4 billion, with this outperformance primarily driven by strong adoption of new optical fibre connectivity products for generative AI.
Corning Stock Soars After Glass Maker Lifts Guidance on Generative AI Boost
Shares of Corning (GLW) soared Monday when the specialty glass maker boosted its guidance, citing rising demand for its products used in generative artificial intelligence (AI) applications.
Corning raises second-quarter core sales forecast driven by AI boom
Corning raised its second-quarter core sales forecast on Monday, driven by robust adoption of its new optical connectivity products for generative AI, sending the specialty glass maker's shares up more than 6% in premarket trading.
Corning Stock Pops on Raised Guidance Ahead of Earnings
The speciality glassmaker is scheduled to file second-quarter earnings on July 30.
Corning's stock soars 7% after company raises Q2 guidance to reflect AI bump
Corning Inc.'s stock GLW, +0.05% rose7% early Monday, after the specialty glass maker raised its second-quarter sales and profit guidance after a strong performance for its new optical connectivity products for Generative AI. The Corning, N.Y.
Josh Brown: This 'Low-Key, Misunderstood' Stock Is Just 'Waiting To Be Discovered' As An AI Play
Ritholtz Wealth Management's Josh Brown identified an under-the-radar stock that he believes will play an essential role in the AI, data center buildout story.
Corning: The Rally Is Just Getting Started
Corning has been undervalued due to temporary headwinds and is climbing out of its trough. GLW is seeing increasing profitability and management is guiding for revenue growth over both the near and medium term. Growth catalysts include increased spending by telcos, EPA-driven demand for environmental technologies, and AI datacenter demand.
Corning (GLW) Up 6.2% Since Last Earnings Report: Can It Continue?
Corning (GLW) reported earnings 30 days ago. What's next for the stock?
