Corning Stock Surges on AI and Smartphone Demand Beat

Corning shares rallied sharply after the specialty glassmaker posted record earnings, fueled by booming demand for its fiber optic solutions in AI data centers. The stock gained 13% following a 33% year-to-date climb as markets recognized its dual role in both consumer tech and infrastructure.

Optical communications sales leapt 41% to $1.57 billion, driving total revenue 19% higher than last year. Analysts highlight Corning's positioning at the intersection of two megatrends: the AI infrastructure buildout and potential innovation in foldable smartphone displays.

JPMorgan sees additional upside should Apple enter the foldable phone market, a move expected to significantly boost demand for Corning's durable glass solutions. The company now trades at a premium as it capitalizes on its unexpected role in enabling both AI hardware and next-generation mobile devices.