GLW Corning Incorporated : Bullish and Bearish Analyst Opinions

Corning's glass fiber for data centers.

The author identifies a bullish technical candlestick pattern ($GLW printing a Bullish Engulfing candle) as a signal for potential upward price movement into the week's close.

Expect GLW to move higher toward a $160 target following a reversal off its 50-day moving average and an inside day candle, citing its direct beneficiary status from AI integration.

Asked about the best aspect of the AI trade, Cramer says "I'm gonna have to go with Buildout" and names "GE Vernova and I like Eaton" and "Corning because it's a fiber company" as top picks. The massive buildout of data centers and energy infrastructure requires electrical equipment (GE Vernova, Eaton) and fiber optic cables (Corning), creating direct, tangible demand. LONG these companies as beneficiaries of the physical infrastructure needed to support AI growth. A slowdown in capital expenditure for AI infrastructure or project delays.

Corning is expected to reach new highs due to its dominant market position in optical fiber.

The author highlights significant historical gains in the photonics sector, signaling a bullish outlook on these stocks.

Trader reduces exposure to LITE, COHR, and GLW while hedging with CRDO ahead of potential market volatility.

These companies were top performers in February. Corning (GLW) for fiber, Dell (DELL) for servers, Ciena (CIEN) for networking, Keysight (KEYS) for testing. The "AI Trade" has shifted from just chips (Nvidia) to the broader physical infrastructure required to run them (cabling, servers, power, testing). These are the "Second Wave" AI winners. LONG. Momentum is strong in the hardware/infrastructure layer of AI. Overbuilding of data center capacity leading to an inventory glut.

While the "AI trade" in semiconductors (NVDA) is stalling, the "derivative" AI trade in industrial services and electrical equipment is breaking out. Data centers require massive physical infrastructure (cooling, power management, batteries). The market is rotating from the "brain" (chips) to the "body" (infrastructure). Stocks like Corning (GLW) and Enersys (ENS) look like "crypto in 2021" on the charts. Long the "Pick and Shovel" plays of the AI buildout. A sudden halt in hyperscaler capex spending.

Hyperscaler Capex is projected at $650 Billion. Tengler is buying Palantir and GE Vernova; Ho highlights Arista and Corning. This is the "Pick and Shovel" trade. Regardless of which AI model wins, they all need power (GEV), cabling (GLW), networking (ANET), and data infrastructure (PLTR). LONG AI Infrastructure. Regulatory caps on energy usage or a pullback in Big Tech Capex.

The author identifies a forward-looking growth catalyst for Corning (GLW), believing that polymers will be the next evolution in optical fiber, benefiting the company.

Corning