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Corning Inc
Video analysis: GLW
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News: GLW
Here's Why Corning (GLW) is a Strong Growth Stock
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Why Corning Plunged Today
Fiberoptic cable producer Corning announced an equity sale program last Friday. The timing appears poor in the short-term, as this past weekend's proposal by Anthropic CEO Dario Amodei to slow the training of advanced AI models could crimp demand.
Corning Tumbles 12% on $2B At-the-Market Equity Offering; Coherent Sinks 11%, Lumentum Drops 9%, Fabrinet Slides 6%
Shares of Corning Incorporated (NYSE:GLW | GLW Price Prediction) are down 12% to $145.61 in Monday afternoon trading after the company disclosed a $2 billion at-the-market equity distribution program.
Corning: AI-Slowdown Fears, Equity Distribution News Hit Hard, EPS Growth Remains
Corning Incorporated maintains a Buy rating, with valuation now more appealing despite recent technical deterioration and sector-wide AI-related volatility. Q2 results showed strong growth in Optical Communications and Solar, with enterprise sales up 65% YoY and solar revenue up 90% YoY. GLW targets aggressive sales run rates—$20B by 2026, $30B by 2028, and $40B by 2030—supported by major partnerships and robust free cash flow.
Corning Is One of Today's Worst Stocks in S&P 500. It's Not Just the AI Selloff.
Corning stock is one of the worst-performing S&P 500 stocks in the trading session and it isn't just because of the AI-trade selloff.
Corning, Cellectis, Biodexa Pharmaceuticals And Other Big Stocks Moving Lower In Monday's Pre-Market Session
U.S. stock futures were lower this morning, with the Nasdaq 100 futures falling around 500 points on Monday.
The AI Trade Is Rotating From Memory To Interconnects, And Corning Is The Best Way To Play It
Corning is poised to benefit from the next AI infrastructure bottleneck: cluster-scale optical interconnectivity, driven by hyperscaler demand for high-density fiber. GLW's Springboard roadmap has delivered operating margins above 20% a year ahead of target, with Q2 2026 EPS up 30% YoY and robust free cash flow. Multi-year, customer-funded supply agreements with Meta, NVIDIA, Verizon, and others de-risk capital allocation and secure revenue visibility through 2030.
Corning Sees $20B Run Rate Early as Verizon Deal Fuels Data-Center Growth
Corning NYSE: GLW executives said demand in optical communications, solar and selected glass applications is supporting momentum behind the company's long-term “Springboard” growth plan, while new customer agreements are improving visibility into data-center connectivity demand.