We recently published 13 Latest Stocks on Jim Cramer’s Radar. Corning Incorporated (NYSE:GLW) is one of the stocks Jim Cramer recently discussed.
Corning Incorporated (NYSE:GLW) is a glass manufacturer that caters to the needs of the smartphone, telecommunications, and other industries. It has been in the news over the past couple of months primarily due to being Apple’s supplier for the iPhone. Corning Incorporated (NYSE:GLW)’s shares benefited from Apple’s $600 billion US investment in August, which included a $2.5 billion plan to produce all the cover glass for its iPhone and Apple Watch in the US. Cramer is Corning Incorporated (NYSE:GLW)’s fan and this time, he almost called the firm a national treasure:
“But Corning is, you know one of the best to make glass in the world. I think people feel we can’t do a lot of stuff. We’re the most efficient and we’re the best, this thing dates back from when the Air Force wanted glass. To be able to compete against the Soviets. And, it is, I’ll tell you, I get great joy about the fact that when we have a little pride. It’s not left or right. It’s just pride.”
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Cramer’s optimism for Corning Incorporated (NYSE:GLW) has also led him to endorse the stock as he recently remarked:
“I’d rather buy a Corning which is up. Now I think Corning is a terrific situation. They’ve got all, they’ve got the glass, talk about the ability to have a supply chain.”
While we acknowledge the potential of GLW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.