Corning stock jumps after AI demand – should you invest?

The US firm Corning’s high-quality cables are needed to run data centres and bring AI hardware to life. Should you pick the emerging technology stock?

Tour Of Corning Inc. Facilities Ahead Of Earnings Figures
(Image credit: Bloomberg / Contributor)

While many growth investors buy into the promise of artificial intelligence (AI) through mega-cap players such as Nvidia, Microsoft and Meta, companies whose products are necessary for building the supporting infrastructure are often overlooked. 

One of these is Corning (NYSE: GLW), the long-established $38 billion US speciality glass and ceramics company. It is often dismissed as an industrial group, but investors have slowly been recognising that the company is an emerging technology stock playing a vital role in AI.

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Investment columnist

Stephen Connolly is the managing director of consultancy Plain Money. He has worked in investment banking and asset management for over 30 years and writes on business and finance topics.