Corning: AI Fiber Demand Justifies Paying Up for Durable Optical Leadership
Corning is the backbone supplier for optical connectivity in the AI data-center buildout. Recent contract wins and a material capacity expansion plan make the stock a buy after the selloff tied to a $2B ATM program. Valuation is rich, but free cash flow generation and a dominant position in fiber and connectivity tilt the risk/reward in favor of di…