How Corning (GLW) is Shaping Data Center Technology from Copper to Fiber

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Soumya Eswaran

Tue, July 28, 2026 astatine 9:47 AM CDT 3 min read

O'Keeffe Stevens Advisory, an concern advisory firm, released its second-quarter 2026 capitalist letter. A transcript of the missive tin beryllium downloaded here. During Q2 2026, the marketplace experienced notable dispersion betwixt perceived AI losers and winners. The steadfast has made investments aboriginal successful AI infrastructure companies, which yielded gains during marketplace repricing. The 2nd 4th experienced beardown equity rallies, with the S&P 500 gaining 15.2% and the Nasdaq 21.4%, marking the champion 4th since Q2 2020. While the bundle assemblage faced challenges, with the iShares Software ETF dropping ~27% earlier a rally, reflecting precocious volatility. This volatility is seen arsenic an opportunity, contempt the imaginable for 'dead money' successful underperforming stocks. The steadfast remains cautious, focuses connected owning durable businesses astatine tenable prices, holding cash, and hedging risks to navigate unpredictability. In addition, delight cheque the Strategy's apical 5 holdings to cognize its champion picks successful 2026.

In its Q2 2026 capitalist letter, O'Keeffe Stevens Advisory highlighted Corning Incorporated (NYSE:GLW). Corning Incorporated (NYSE:GLW) is simply a exertion institution that operates done its Optical Communication, Display Technologies, Environmental Technologies, Specialty Materials, and Life Sciences concern segments. On July 27, 2026, Corning Incorporated (NYSE:GLW) closed astatine $143.36 per share. One-month instrumentality of Corning Incorporated (NYSE:GLW) was -43.88%, and its shares gained 131.30% implicit the past 52 weeks. Corning Incorporated (NYSE:GLW) has a marketplace capitalization of $123.38 billion.

O'Keeffe Stevens Advisory stated the pursuing regarding Corning Incorporated (NYSE:GLW) successful its Q2 2026 capitalist update:

"Qualcomm and Corning Incorporated (NYSE:GLW) some appreciated materially successful Q2. We trimmed some positions utilizing a operation of options and banal sales.

Corning appreciated implicit 20% successful Q2. Corning spent the 2nd 4th signing up the biggest names successful AI arsenic customers and partners. In May, Nvidia and Corning announced a multiyear commercialized and exertion concern nether which Corning volition summation its U.S. optical connectivity manufacturing capableness tenfold and grow U.S. Fiber accumulation by much than 50%, including 3 caller plants successful North Carolina and Texas. Nvidia paid $500 cardinal for rights to Corning shares, including warrants connected up to 15 cardinal shares astatine a $180 workout price; if exercised successful full, Nvidia's full equity concern could scope $3.2 billion. In June, Amazon signed a multiyear, multibillion-dollar statement for Corning to proviso the optical Fiber, cable, and connectivity for its expanding U.S. information centers. These travel the up to $6 cardinal proviso statement Meta signed successful January. Historically, information centers utilized copper cables to link their technology, immoderate of which is switching to Fiber. Corning's Fiber whitethorn beryllium a aboriginal bottleneck. As bequest information centers person to newer, Fiber-connected racks, Corning contends with caller information centers demanding Fiber and replacement racks demanding Fiber."

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