Jim Cramer’s Comments on 25 Stocks Like Micron, Dell, and Playing the Recent Market Rotation

9. Corning Incorporated (NYSE:GLW)

Corning Incorporated (NYSE:GLW) was among the stocks Jim Cramer commented on as he advised investors on how to take advantage of Wednesday’s market rotation. Cramer noted the possible reason for the stock’s decline, as he said:

How about the clubbing that we’re seeing from the stocks that are on the wrong end of today’s rotation? Look at the beatdown of the data center stocks. Some of this decline is pure profit taking, and some of it’s what I think is mistakenly done… I also think that the declining stock of Corning, GLW, it was off the most of any stock in the entire S&P 500 today. Well, that seems extreme. The fiber could replace copper in all these data centers, by the way, both as connectors and maybe even one day within the chips themselves, ripping out that hot copper.

Corning Incorporated (NYSE:GLW) develops optical fiber, cables, and related hardware for telecommunications, and produces glass substrates for displays used in TVs, computers, and mobile devices. A caller asked about the stock during the June 30 episode, and Cramer responded:

Okay, here’s the deal. We actually sold some for the Trust today. It’s been a big win. I just castigated myself over Microsoft, over NVIDIA, over Apple, over Meta. What else? How about Amazon?… We own a lot of Corning too.