Meet the Super Semiconductor Stock Crushing Nvidia With a 12-Month Return of 129%
This 175-year-old company is playing a central role in the artificial intelligence boom.
Overview
Corning (NYSE: GLW) has been one of America's top glass manufacturers since it was founded in 1851. In fact, the company was even the main supplier of glass for Thomas Edison's original lightbulb in 1880. Today, it makes the glass for all of Apple's iPhones.
But Corning's biggest opportunity now lies in manufacturing fiber-optic cables for data centers, which accelerate processing speeds in artificial intelligence (AI) workloads. Amazon and Meta Platforms are two of Corning's top customers in this space, with billions of dollars' worth of long-term deals between them.
Details
Corning stock has exploded higher by more than 120% over the last 12 months, obliterating the 8% return in Nvidia, which is the AI industry's hardware king. Here's why it could go higher over the long term.
Source
Originally published at www.fool.com.