Is GLW a good stock to buy? We came across a bullish thesis on Corning Incorporated on The Analyst’s Journal’s Substack by RA_Capital. In this article, we will summarize the bulls’ thesis on GLW. Corning Incorporated’s share was trading at $168.76 as of April 22nd. GLW’s trailing and forward P/E were 92.22 and 54.35 respectively according to Yahoo Finance.
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Corning Incorporated operates in optical communications, display, specialty materials, automotive, and life sciences businesses in the United States and internationally. GLW has emerged as a differentiated AI infrastructure enabler, transitioning from a diversified materials science company into a critical supplier for next-generation data centre connectivity. The company’s optical communications segment has become its primary growth engine, driven by accelerating demand for fiber-optic solutions in AI workloads, where its proprietary Contour fiber technology offers higher density, improved efficiency, and strong pricing power.
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This positioning was reinforced by a transformative $6 billion multi-year agreement with Meta Platforms, which provides significant revenue visibility and validates Corning’s role in hyperscale AI infrastructure buildout. Financial performance reflects this shift, with optical communications revenue growing 35% in 2025 and enterprise demand surging over 60%, alongside a near doubling of free cash flow to $1.72 billion.
Management’s upgraded Springboard Plan, targeting $11 billion in incremental sales by 2028, further underscores confidence in sustained AI-driven growth. Despite these strengths, the stock’s sharp rally to all-time highs near $139 has priced in much of the near-term upside, leaving limited margin for error. Nevertheless, the long-term thesis remains compelling given structural AI demand, strong customer relationships, and technological leadership.
A more attractive entry point would emerge on a 15–25% pullback to the $104–118 range, where valuation becomes more reasonable and the risk-reward profile significantly improves. At those levels, Corning offers a high-quality opportunity to gain exposure to durable AI infrastructure growth with strong multi-year earnings visibility.
Previously, we covered a bullish thesis on Amphenol Corporation (APH) by TMTMoats in March 2025, which highlighted the company’s diversified end-market exposure, consistent profitability, and growth driven by AI, EVs, and strategic acquisitions. APH’s stock price has appreciated by approximately 135.76% since our coverage. RA_Capital shares a similar view but emphasizes on Corning Incorporated (GLW)’s AI-driven optical fiber opportunity and hyperscale data centre exposure.
Corning Incorporated is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 85 hedge fund portfolios held GLW at the end of the fourth quarter which was 75 in the previous quarter. 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.
Disclosure: None.
