Corning shares seen as a buy after 30% drop, boosted by strong Q1 sales and AI-driven demand.

Corning (GLW) is rated a buy following a 30% decline from its 2026 peak, supported by strong fundamentals and technical indicators. The company reported 18% core sales growth and 30% core EPS growth in Q1, driven by Optical Communications and a new Solar segment. Long-term deals with NVIDIA and Amazon, along with rising AI demand, underpin robust earnings growth and justify premium valuation multiples. Analysts see fair value 15-20% above current prices, with a potential buy-the-dip opportunity ahead of the Q2 report on July 28.