Corning benefits long-term from generative AI – Pullbacks to the 200-day moving average as an opportunity!

Corning (GLW) was able to increase its optical communications solutions business by 51% in the last quarter and already emphasized that GPU-based parallel computing processes for generative AI in data centers require over 10 times the amount of fiber optic cables compared to traditional cloud networks. Newly introduced AI-generation fiber and cable systems last year increased the fiber capacity in existing lines by two to four times, and monthly production tripled in the first quarter. The enterprise business is now expected to grow by 30% per annum...