Corning upgraded to 'Buy' after strong earnings and growth outlook driven by AI and data center demand.

Corning has been upgraded to a 'Buy' rating following two consecutive earnings beats, with Q2 core sales up 17% year-over-year and EPS rising 30%. The company benefits from strong demand in optical and AI data centers, supported by long-term agreements with major tech firms like Nvidia, Amazon, and Meta. These contracts underpin a projected 19% sales compound annual growth rate through 2028 and faster earnings growth. While risks include sensitivity to AI capital expenditure and potential market softness, Corning's solid revenue base and solar industry tailwinds justify its premium valuation and disciplined entry post-volatility.