Corning Inc (GLW) has had several noteworthy developments and opportunities in recent times. An important partnership was recently announced with
Broadcom to accelerate AI data center processing capacity. The collaboration aims to leverage Corning's optical technologies with Broadcom's robust chips to significantly improve AI data center capabilities. Remarkably strong financial results have been reiterated for the first quarter of 2025 with
growth in optical communications and solar. Also, the corporation announced a quarterly
dividend of $0.28 per share. On the personnel front, an insider sell was reported with Eric Musser, President, and Chief Operating Officer, selling 30,000 shares of Corning stock. In a subsequent announcement, Musser's retirement was announced along with strategic senior leadership promotions. Meanwhile, Corning’s Gorilla Glass Ceramic 2 was featured in the Samsung Galaxy S25 Edge, attesting to its market dominance in specialty glass products. Corning’s stock price showed an upward trend with a 3.68% increase reported on May 12. Amidst these developments, Corning also launched Corning® Gorilla® Glass Ceramic and GlassWorks AI™ Solutions to cater to the AI data center infrastructure needs.
Corning Incorporated GLW News Analytics from Thu, 19 Sep 2024 07:00:00 GMT to Fri, 16 May 2025 06:33:27 GMT -
Rating 7
- Innovation 9
- Information 7
- Rumor -3
