Corning Stock at $161: Great AI Fibre Business, but Is the Price Already Too Rich?Read More »
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Corning Stock at $161: Great AI Fibre Business, but Is the Price Already Too Rich?
Views: 12 2026-10-06 Corning is a 175-year-old materials-science company that makes specialty glass, ceramics and optical fibre. It earns money in five segments: Optical Communications (fibre, cable and connectivity for carriers and data centres, now about 44% of sales), Glass Innovations (display glass and Gorilla Glass), Automotive (emissions substrates and auto glass), Solar (polysilicon, wafers and panels through Hemlock) and Life Sciences. Its edge is process know-how that rivals struggle to copy. The current story is AI: hyperscalers need vastly more fibre inside and between data centres, and Corning has signed multiyear deals with Amazon, NVIDIA and Verizon. Management’s “Springboard” …
