We recently published 10 Stocks Jim Cramer Discussed As He Remained Optimistic About American Ingenuity. Corning Incorporated (NYSE:GLW) is one of the stocks Jim Cramer recently discussed.
Corning Incorporated (NYSE:GLW) was the star of Cramer’s morning show as the CNBC TV host visited the firm’s plant in Harrodsburg, Kentucky. The visit followed Cramer’s remarks yesterday, when he called the firm an example of “American ingenuity.” In this appearance, Cramer discussed a little-talked-about factor for Corning Incorporated (NYSE:GLW) and continued to praise the firm:
“So Carl, what we’re talking about here obviously, there’s great wonderment about this and it has to with the glass from Corning, it has to do with this, this is the side that really matters, it has to do with filming, it has to do with selfies. But, it’s six o’ clock, we’re going to get into what it has to do in terms of the world, in terms of the White House, in terms of the jobs, in terms of tariffs, in terms of, yes, earnings per share, cause you know me, I’m still a dollar sign represented by a man even though I want this phone. And I’ve already placed my order. It’s very, very exciting down here, we’re going to talk to Wendell Weeks, too, CEO of Corning, talk about a hot stock. That one is one that I think could be a rocket ship.
“We’re talking about things that aren’t supposed to be happening. We’re talking about an old plan, Americans, who’re supposed to be not to be able to anything nearly as good as the people in Asia. I’m not being jingoistic here. I am being proud. This is an amazing place, and these two marvelous companies together have created something that I think is very different Carl. From the previous generation phone. I would just drop it because I know it would be fine, but that would be, that’s just theater. I don’t go for theater. This is the real thing, and it’s made right here, this glass.
“But I also want to talk about, to Wendell Weeks, the fact that his stock [inaudible] 52-week high, and the reason is, is because of his partnership with NVIDIA. And what it does to the data center, it is huge in the data center and what it does in the data center. It is huge in the data center and yet nobody talks about it. Drives me crazy.”
“No it’s amazing, I mean look, we’re talking about putting far more people to work, in this storied town, this place always, people forget, this was from the Cold War. We had to have the best glass. We had to have glass that could do remarkable things. And then, it just speaks to generations of a town that has kept producing and producing and producing great things. A lot of that is because that’s the Corning way, as it is up in Corning, if anyone’s ever visited there, you know that it’s a wonder of engineering. David, what it speaks to is, if American management does a great job, instills in a community, the ability to do better than anywhere else, I’ve got to tell you, with or without tariffs, David, with or without tariffs, because we know that somethings are done so well in a level playing field that they’re going to win.”
“[After Faber brought up Corning’s fiber optics business] David, David, I talked about that with Wendell Weeks, the CEO, this. morning. The amazing thing is, and this place is so important for people who are involved with data centers, right now, when you go into a rack, in the data center, you’re going to find so much by Corning. But it could triple, this is what connects the Vera Rubin. What connects the current Blackwell. They are partners with NVIDIA, so they are partners with much more than just glass for iPhones. And we’re going to get into that too. Carl I think this is a remarkable place and I think Corning’s a remarkable stock because it is deep into the data center and yet people would rather own every other thing. The plumbing, the air conditioner. They maybe should own Corning for the data center. We’re gonna talk about that later.”
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Disclosure: None. This article is originally published at Insider Monkey.
