Squawk on the Street Cramer's Morning Take: Corning 10/28/25
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Oct 28, 2025 Jim Cramer dives into why Corning is positioned for substantial growth in the coming years. They discuss impressive quarterly results and the surge in fiber demand fueled by generative AI. The hosts tackle the critical issue of heat in data centers, highlighting how fiber helps solve this challenge. Analyst upgrades and bullish price targets add to the positive outlook, as plans for prudent investments in Corning are outlined. Tune in for insights that could shape your investment strategy!
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Club Bought Small After A Big Spike
- The CNBC Investing Club initially bought a small stake in Corning after it spiked 79% to avoid overpaying.
- They increased exposure after a beat and stronger-than-expected Q4 guidance validated the thesis.
Fiber Demand Fueled By AI Data Centers
- Corning's enterprise optical business is surging due to hyperscalers scaling out GPU nodes and adding fiber connections.
- Management expects accelerating demand and sees multi-year upside from fiber-driven data center growth.
High Growth Guidance And De‑Risking Deals
- Corning projects roughly 30% compound annual growth for its optical business and is currently growing faster than that.
- The company is formalizing customer agreements to de-risk future quarters and lock in momentum.