We recently published a list of Top 9 AI Ratings and News Updates on Wall Street’s Radar. In this article, we are going to take a look at where Corning Inc. (NYSE:GLW) stands against other top AI ratings and news updates on Wall Street’s radar.
Despite AI’s potential to transform our lives for the better, security threats associated with the technology continue to make headlines. North Korea’s Kim Jong Un oversaw tests of newly developed AI-powered suicide drones and called for increased production. Kim Jong Un had reportedly said that unmanned control and AI capability should be prioritized in modern arms development.
Elsewhere, Alabama Governor Kay Ivey banned Chinese AI tools over data security concerns.
“When it comes to the threat posed by the Chinese government, Alabama takes no chances. Our citizens’ information must be protected in the strongest possible ways, which is why we are not only putting a ban on these two Chinese AI companies within our state government but also safeguarding our state’s IT infrastructure from any foreign country of concern,” she said.
Bill Gates also recently reiterated concerns about AI replacing most jobs. He believes the rate of advancements in AI could mean that the technology could replace many professions, including doctors and teachers.
“It’s very profound and even a little bit scary — because it’s happening very quickly, and there is no upper bound,” Gates said in a recent interview. However, he noted that certain types of jobs will likely never be replaced by AI. He said last year that he remains optimistic about the overall benefits of AI, like “breakthrough treatments for deadly diseases, innovative solutions for climate change, and high-quality education for everyone.”
We selected AI stocks by reviewing news articles, stock analysis, and press releases. We listed the stocks in ascending order of the number of hedge funds that hold stakes in them, as of Q4 2024.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A technician wearing protective glasses installing optical fibers and cables.
Corning Inc. (NYSE:GLW)
Number of Hedge Fund Holders: 73
Corning Inc. (NYSE:GLW) is an innovator in materials science. It applies its expertise in glass science, ceramic science, and optical physics, combined with engineering capabilities, to design diverse products for industries such as optical communications, mobile consumer electronics, automotive, solar, semiconductors, and life sciences.
On March 27th, Corning Inc. (NYSE:GLW) announced the launch of Corning GlassWorks AI solutions, which it defines as a “one-stop shop” of personalized data center products around cable and connectivity solutions to help operators manufacture the dense fiber infrastructure required for GenAI. GlassWorks AI is designed to address the scalability and density-related challenges of data center operators as AI infrastructure requirements continue to surge. The company will showcase its latest innovation at the 2025 Optical Fiber Communication Conference and Exposition (OFC) between April 1st and 3rd.
“With GlassWorks AI, Corning is drawing on its world-leading expertise in materials science to create breakthrough products that expand the possibilities of generative AI for our customers, both inside and outside the data center. Our new Contour Flow cable is a great example of our innovations – helping data centers connect their city-to-city networks quickly and cost effectively, delivering future-ready optical performance without the need for expensive infrastructure buildouts.”
-said Sean Kelly, vice president and business director of Corning’s Data Center Business Division.
Overall, GLW ranks 4th on our list of top AI ratings and news updates on Wall Street’s radar. While we acknowledge the potential of GLW as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GLW but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
