Corning (GLW) stock has been in the thick of the trading action in 2025 with a sustained rally, and shares are up more than 70% in the year to date so far. As the market continues to focus on attractive AI-related stories, Corning will benefit from AI-driven fiber growth. Further, other emerging business makes Corning among the hottest picks-and-shovels bets on artificial intelligence. As an example, the company expects its solar business to deliver $2.5 billion in revenue by 2028.
The optimistic outlook is backed by industry partnerships that are likely to support growth. Most recently, Corning has signed a deal with QuantumScape (QS) to develop ceramic separator manufacturing capabilities for the latter’s solid-state lithium metal batteries. Other recent partnerships include one with GlobalFoundries (GFS) for detachable fiber connector solutions and with T1 Energy (TE) for solar panels.
More News from Barchart
About Corning Stock
Headquartered in Corning, New York, GLW operates in the optical communications, display technologies, specialty materials, semiconductor, automotive, and life sciences businesses. With 34 advanced manufacturing facilities across 15 states, Corning seems well positioned to benefit from the focus to boost domestic manufacturing.
Further, with strong demand for the company’s new Gen AI products, GLW stock has surged by 70% in the year to date. The rally has been backed by strong fundamental developments.
From a valuation perspective, GLW stock trades at a current price-earnings ratio of 33.24x and a PEG ratio of 1.83x. Given the industry tailwinds and focus on innovation, GLW can still be considered attractive at these traditionally high levels.
www.barchart.com
Is Corning a Good Stock to Buy Now?
The strong rally in GLW stock has been backed by fundamental factors that position the company for sustained growth. Recently, Corning and QuantumScape announced an agreement for the development of ceramic separator manufacturing capabilities for QS solid-state batteries.
Further, the company has entered into an agreement to develop detachable fiber connector solutions for the GlobalFoundries silicon photonics platform.
[SRC] https://finance.yahoo.com/news/pick-shovel-ai-stock-70-175258882.html
