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LivestreamMenuWe are buying 80 shares of Corning at roughly $155.42. Following the trade, Jim Cramer’s Charitable Trust will own 530 shares of GLW, increasing its weighting in the portfolio to 2% from 1.70%. We’ve been eyeing a purchase of Corning shares since Thursday, when we upgraded our rating to a buy-equivalent 1 upon learning that much of the margin-call-related forced selling of AI stocks was over. We’re rebuilding this small position following a string of well-timed sales in June at progressively higher prices —roughly $200 , $222 , and $260 per share. Shares of the data-center supplier went on to fall almost 46% in July, a dramatic declined that underscored why we like to trim stocks that make parabolic moves higher. The stock has made a strong move since our upgrade, recovering all its losses from a poorly received quarter last Tuesday, but we still think more gains are ahead as the company delivers on its bullish outlook through the end of the decade, fueled by the artificial intelligence buildout. Corning said it is “entering a new phase of accelerating growth,” with sales growing at a compound annual growth rate of 19% from the fourth quarter of 2026 to the fourth quarter of 2030. Earnings are expected to grow even faster than sales. Corning shares are also getting a boost on Tuesday after Reuters reported that the Federal Communications Commission is drafting a ban on imports of some Chinese data center components, including optical transceivers. Optical transceivers use fiber optic cables to send and receive data, and a potential ban would mean more use of U.S.-made products. Corning supplies optical fiber, cables, and connectivity solutions to the hyperscalers and other data-center operators. It has announced multi-billion dollar supply agreements with fellow Club names Amazon and Meta Platforms , as well as a partnership with Nvidia to expand manufacturing in the U.S. (Jim Cramer’s Charitable Trust is long GLW, AMZN and META. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.Read More
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