Corning Incorporated (GLW) Has “The History Of Being The Best,” Says Jim Cramer

We recently published 10 Stocks On Jim Cramer’s Radar Including Big Tech Firms. Corning Incorporated (NYSE:GLW) is one of the stocks Jim Cramer recently discussed.

Corning Incorporated (NYSE:GLW) is one of the biggest glass manufacturers in the world. It caters to the needs of the consumer electronics, semiconductor, networking, and other industries. Corning Incorporated (NYSE:GLW) is also a key Apple supplier, which meant that its shares rose after Apple announced a $2.5 billion investment in the firm to produce glass cover panels for the iPhone. Corning Incorporated (NYSE:GLW)’s shares also jumped by 11.9% after the firm’s latest earnings report. Cramer discussed the firm in detail in the context of its relationship to Apple:

“You know, I think they had to talk about Corning. Actually, I don’t know if you guys heard, on Squawk, but, they’ve been the favorite guys even when Steve Jobs ran it. Walter Isaacson knows more than anybody. . .what I think is amazing,  I covered that family when I was at Goldman Sachs. They’ve been quietly making the best, including fiber. And what I think the president has to do, working with Tim Cook, is find others that can be like Corning. But it’s the history of being the best. We do not have the history of being the best for a lot of other products. That has to change. And I think everyone here is just saying, it won’t matter. No, I think this is a very significant expansion.  I don’t take this lightly. I think that we’re gonna start a supply chain and this is how it starts. This is how the supply chain starts.”

While we acknowledge the risk and potential of GLW as an investment, our conviction lies in the belief that some 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 and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.