By Anthony Di Pizio
Publication Date: 2026-04-29 16:15:00
For the past 175 years, Corning (GLW 2.37%) has manufactured glass for everything from Thomas Edison’s original lightbulb to Apple‘s (AAPL 0.14%) iPhone. However, Wall Street is focused on the company for a different reason right now.
Corning is one of the optical fiber industry’s leading innovators, and it developed a series of cables that can transmit information much faster than traditional copper alternatives. They are in extremely high demand in the artificial intelligence (AI) industry, where data center operators are doing everything they can to increase processing speeds.
As a result, Corning stock is sitting on a 74% gain this year already, so it’s obliterating other semiconductor stocks, including Nvidia, Broadcom, and Advanced Micro Devices, which have returned between 14% and 51% so far. Corning just released its earnings report for the first quarter of 2026 (ended March 31), and it included two new deals with major AI hyperscale customers, which could fuel even more…
