Was Jim Cramer Right About Corning Incorporated (GLW)?

We recently published a list of Did Jim Cramer Nail or Miss These 11 Stock Predictions? In this article, we are going to take a look at where Corning Incorporated (NYSE:GLW) stands against other stocks that Jim Cramer discusses.

Back in that episode, a caller asked whether Corning Incorporated (NYSE:GLW) could benefit from the AI and data center boom. Cramer was skeptical given the company’s long-term track record:

“I’ve loved Corning. I used to call in that area up there with the horse heads — that’s the name of the town, Corning, New York. But I’ve got to tell you, this company has failed ever since 1999–2000 when it over-earned. It has not been able to generate the kind of return I’ve wanted. I would not be a buyer all the way up here. I just can’t come up with a thesis.”

A technician wearing protective glasses installing optical fibers and cables.

Cramer was wrong here as Corning rallied 33.89% after he dismissed it. Corning Incorporated (NYSE:GLW) is capitalizing on demand for specialty glass and optical technologies driven by AI data centers and high-speed connectivity.

Overall, GLW ranks 8th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of GLW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GLW and that has 100x upside potential, check out our report about this cheapest AI stock. cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.