Jim Cramer’s Hurt By JPMorgan’s Coverage of Corning (GLW) Stock

Published on April 23, 2026 at 3:37 pm by Ramish Cheema in News

We recently shared Jim Cramer Rubbished Circular AI Deals & Commented On These 18 Stocks. Corning Incorporated (NYSE:GLW) is one of the stocks discussed by Jim Cramer.

Glass manufacturer Corning Incorporated (NYSE:GLW) has been one of Jim Cramer’s favorite stocks when it comes to the data center industry. In 2025’s latter half, the CNBC TV host asserted on multiple occasions that Corning Incorporated (NYSE:GLW)’s ability and plans to switch out copper for glass in the data center sector made it a great stock to buy. Mizuho discussed the firm on April 2nd as it raised the share price target to $155 from $145 and kept an Outperform rating. Mizuho’s coverage came after Bank of America had raised Corning Incorporated (NYSE:GLW)’s share price target to $144 from $155 and kept a Buy rating on the shares. BofA explained that it had made the adjustments due to expectations about the strength in the optical cycle. Cramer discussed JPMorgan’s coverage of Corning Incorporated (NYSE:GLW):

“JPMorgan rains down on the huge parade, by talking about maybe we should be getting a little more negative or a little more circumspect about the data center and they downgrade one of my favorite positions, Corning. They take down Corning. It is a take down, by the way, and they may not think it is, but, ouch. I mean, look at that. And that stock has been one of my biggest wins, unlike, this is a Nike upside down. But yeah they said listen, let’s not go overboard, it’s kind of like Taiwan Semi, it’s up so much.

“Fiber has better latency, when I was down with Wendell Weeks and Tim Cook, in Harrodsburg, Kentucky, Wendell Weeks being the CEO of Corning, he talked about how fiber could take over the whole darn data center. Because they burn so hot.”