These 5 Stocks are Trending Today

3. Corning Incorporated (NYSE:GLW)

Number of Hedge Fund Holders: 34

Corning Incorporated (NYSE:GLW) came into the spotlight today following the news that it intends to build an optical cable manufacturing facility in Arizona as a part of its long-term partnership with AT&T.

The new facility will add about 250 jobs in the region. Corning Incorporated (NYSE:GLW) expects the plant to start functioning in 2023. The facility would allow the company to capitalize on the increasing demand for optical cable.

Speaking on the development, CEO of Corning Incorporated (NYSE:GLW), John Stankey, said in a statement:

“This investment is a significant step forward for our country and building world-class broadband networks that will help narrow the nation’s digital divide. This new facility will provide additional optical cable capacity to meet the record demand the industry is seeing for fast, reliable connectivity.”