EXPLAINED: Why corning stock can make a comeback here | Rare Historical Photos

Amid the artificial intelligence boom, Corning (GLW) has played an important, albeit somewhat underappreciated role. A multinational technology company, Corning provides the critical high-density optical fiber, cable and connectivity hardware required to link thousands of graphics processing units (GPUs) within and between backend AI data centers, per Google Finance’s summary sheet. It’s no surprise, then, that over the past year, GLW stock has gained over 74%.

Contributing to this strong performance are robust second-quarter results, which included core sales increasing approximately 17% year-over-year to $4.74 billion and core earnings per share growing 30% to 78 cents, beating consensus estimates. Against a broader view, AI demand — particularly from major publicly traded hyperscalers — has accelerated, leading to multiyear agreements for Corning.