Here’s What UBS Has to Say About ​Corning Incorporated (GLW)

​Corning Incorporated (NYSE:GLW) is one of the Unstoppable Technology Stocks to Buy Now. On March 19, UBS reiterated a Buy rating on Corning Incorporated (NYSE:GLW) with a price target of $171.

​UBS maintained its bullish sentiment on the stock after attending the Optical Fiber Communications conference, where the firm met with fiber producers, sellers, and other major players in the industry. After the conference, the firm released a research note highlighting that the demand for fiber remains very strong. UBS added that experts are calling the fiber market a seller’s market, indicating that the supply remains limited compared to the demand.

​The firm noted that this narrative supports pricing power and visibility into Corning’s optical‑communications segment. Investors had become more cautious about how quickly fiber will replace copper inside AI racks. However, UBS’s conversations with hyperscalers and optical suppliers were “mixed,” with some expecting faster adoption and others slower. Moreover, UBS also noted that Nvidia’s GTC roadmap showed continued investment in both copper and optical inside the rack.

​Corning Incorporated (NYSE:GLW) is a global manufacturer of specialty glass, optical communications, display technologies, and materials for the telecommunications, automotive, semiconductor, and life sciences industries. The company operates in five main business segments.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years. 

Disclosure: None. Follow Insider Monkey on Google News.