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 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 is capitalizing on demand for specialty glass and optical technologies driven by AI data centers and high-speed connectivity.
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This article is originally published at Insider Monkey.
