Corning is low conviction because being a one-of-one supplier critical to photonics does not guarantee it benefits as much as others in the supply chain. Corning should do well long term, but other, higher-conviction stocks offer better exposure to the photonics era. x.com 

Corning has an entrenched moat and remains a decent business, but holding off on buying it has been vindicated by the stock's recent drop. Unlike hot AI stocks whose position in five years is uncertain, it is not going anywhere. @EricJhonsa notes that at 32x 2027 EPS, with estimates likely too low, it is no longer crazy but not cheap, with smartphones and TVs his main concerns. x.com  x.com 

Corning remains a long-term AI infrastructure winner even after Morgan Stanley's cooling note, as demand for fiber, optical materials and future glass substrates keeps growing. Per Morgan Stanley, the roughly 40% one-month rally outran fundamentals, driven by Fujikura's raised outlook, the GlassBridge fiber-to-chip platform, Nvidia long-haul fiber rumors and short covering, and high Q2 expectations could add volatility. GlassBridge gives Corning more room in next-generation optical links. x.com 

Higher optical-fiber use per GPU could expand demand for Applied Optoelectronics. Corning said fully optical scale-up would raise fiber count from about 16 to 160 per GPU; that 10x case is hypothetical for now, with a mix of technologies likely near term, but it shows the direction of travel. x.com  x.com 

Corning's $2B at-the-market facility with Goldman Sachs is an option to sell stock, not a raise, so Friday's after-hours drop priced dilution that may never happen. The 8-K says sales may be limited, depend on market conditions and capital needs, and fund general corporate purposes with no named project. Notably, Corning arranged it while its new revenue stream has not started; its CEO said scale-up and photonics are not yet in results. The next 10-Q will show whether the share count moves. … Show more

Corning keeps climbing while Nvidia and Micron fall because its optical fiber, connecting GPUs within and between AI data centers, matters as much as the chips as clusters scale. An AI switch rack needs about 10 times the fiber density of a traditional cloud network, multiplying each chip generation. Hyperscalers are locking in supply years ahead: Meta up to $6 billion through 2030, a multibillion-dollar Amazon deal and an Nvidia partnership for three US plants. Optical sales grew 36% in Q1. … Show more

Corning's earnings were unexciting compared with its Chinese counterparts, and the stock could fall toward $130 if next week's investor day brings nothing big. Corning traditionally guides conservatively, so the event could still be a positive catalyst. @Gaetano2026 notes two new hyperscaler deals similar in size to Meta's and robust solar and optical demand, with some solar drag in Q2. x.com  x.com 

Corning looks expensive at 39x earnings versus about 18x for its industry. Fair value is about $68.84-$87.61, or 18x next year's $4.35 EPS give or take 12%, so the $168.18 price sits about 92% above fair. The view rests on valuation levels from reported earnings and estimates, not fundamental work. x.com 

Corning is a big supply-chain bet because co-packaged optics are set to explode over the next one to two years, and glass could become 50x more important inside data centers over the next few generations of Nvidia systems. Corning is a one-of-a-kind, American-made technology leader, and its latest earnings call remarks focused entirely on co-packaged optics. Nvidia may push for glass as soon as 2027. At 83x trailing earnings the valuation is fair given a TAM many times its current business. … Show more

Corning's rally looks less like a bubble than a scam at a forward P/E of 185, after the stock rose more than 600% from its December 2022 lows, as @Venu_7_ noted. Back in 2000, Corning collapsed from $110 to $1.10, a 99% loss within two years. x.com  x.com