Corning: AI Sales Taking Shape
GLWCorning(GLW) Seeking Alpha·2024-07-10 03:38
mesh cube It is a brave new world for Corning Incorporated (NYSE:GLW). Last time, we reported our positive view of the company's longer-term growth outlook thanks to Hemlock and its Optical business. This was based on AI demand with higher data center fiber needs. In addition, the company provided a supportive Q2 outlook with limited guidance visibility ahead. This raised short-term concerns in our team; however, we emphasize the company's capital allocation priorities and a buy rating based on an earni ...