Corning’s stock plunged 20% after beating earnings, wiping out half its AI-driven gains — but the demand for fiber optics is exploding as data centers race to upgrade for AI. With revenue up 17% and earnings soaring 30%, investors were spooked by a conservative Q3 forecast, not a bullish one. Yet Corning’s strategic moves — including a $500M Nvidia deal to scale production — signal massive growth ahead. At 58x earnings, the valuation looks steep, but when you factor in explosive growth, it might be a steal. AI believers: this dip could be your entry point.
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