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Anthony Di Pizio, The Motley Fool
Wed, April 29, 2026 astatine 11:35 AM CDT 5 min read
For the past 175 years, Corning (NYSE: GLW) has manufactured solid for everything from Thomas Edison's archetypal lightbulb to Apple's (NASDAQ: AAPL) iPhone. However, Wall Street is focused connected the institution for a antithetic crushed close now.
Corning is 1 of the optical fibre industry's starring innovators, and it developed a bid of cables that tin transmit accusation overmuch faster than accepted copper alternatives. They are successful highly precocious request successful the artificial quality (AI) industry, wherever information halfway operators are doing everything they tin to summation processing speeds.
Will AI make the world's archetypal trillionaire? Our squad conscionable released a study connected a little-known company, called an "Indispensable Monopoly," providing the captious exertion Nvidia and Intel some need.
As a result, Corning banal is sitting connected a 74% summation this twelvemonth already, truthful it's obliterating different semiconductor stocks, including Nvidia, Broadcom, and Advanced Micro Devices, which person returned betwixt 14% and 51% truthful far. Corning conscionable released its net study for the archetypal 4th of 2026 (ended March 31), and it included 2 caller deals with large AI hyperscale customers, which could substance adjacent much upside successful its banal from here.
Corning conscionable signed 2 much blockbuster deals
Nvidia supplies the champion graphics processing units (GPUs) for information centers, which are the superior chips utilized successful AI development. Its customers typically configure them successful the company's NV-Link 72 rack, which includes 72 GPUs, 36 cardinal processors (CPUs), and assorted networking components. The rack is connected utilizing astir 2 miles of copper cable, but information halfway operators are gradually shifting to fibre instead.
Fiber-optic cables tin transmit accusation overmuch faster, and implicit overmuch longer distances than copper, with minimal information loss. Corning precocious released a caller merchandise called Multicore Fiber (MCF), which packs 4 cores into a modular 125-micron strand of fiber. Since MCF has 4 times the density of a single-core solution, information halfway operators tin execute the aforesaid show with 75% less cables.
This could pb to amended processing speeds and important outgo savings for some information halfway operators and AI developers.
In January, Facebook genitor Meta Platforms (NASDAQ: META) signed an statement to bargain $6 cardinal worthy of Corning's optical fibre implicit the adjacent fewer years, which it volition usage successful its AI information centers. In March, Corning broke crushed connected a brand-new mill wherever it volition manufacture cables specifically for Meta, which highlights the standard of the deal.
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