10 AI News and Ratings Shaking Up Wall Street

7. Corning Inc. (NYSE:GLW)

Number of Hedge Fund Holders: 46

Corning Inc. (NYSE:GLW) engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses. On January 29th, Tim Long of Barclays reiterated a Hold rating on the stock with a $52 price target. The bullish rating comes amid expectations that the deep pullback on the stock triggered by the DeepSeek revelation presents a buying opportunity on the stock.

The display technologies company delivered solid financial results bolstered by its Optical communications segment. The Enterprise division within this segment showed a robust year-over-year growth exceeding 90%. Likewise, Corning Inc. (NYSE:GLW) is forecasting first-quarter revenue and profit above analyst expectations amid robust demand for its optical fiber products for artificial intelligence-related infrastructure. Its optical fiber, used to transfer data at high speeds, is in high demand owing to consumers’ and enterprises’ increased adoption of AI technologies.

According to the analysts, Corning Inc. (NYSE:GLW) has a compelling growth driver that is not reliant on the data center and general artificial intelligence spending. The Optical business’s cyclical recovery, the Lumen/Broadband Equity, Access, and Deployment (BEAD) program ramps and the Display segment’s steady profitability are some of the key growth drivers.