Strong Demand Lifted Corning (GLW) in Q3

The London Company, an investment management company, released “The London Company Income Equity Strategy” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. US equities continued their rally in the third quarter, driven by the Fed rate cut, solid corporate earnings, and enthusiasm around AI. In the third quarter, the portfolio appreciated 6.0% gross (5.8% net) compared to a 5.3% increase in the Russell 1000 Value Index. Positive stock section led the outperformance of the portfolio in the quarter, but was partially offset by sector exposure headwinds. Please review the fund’s top 5 holdings to gain insight into their key selections for 2025.

In its third-quarter 2025 investor letter, The London Company Income Equity Strategy highlighted stocks such as Corning Incorporated (NYSE:GLW). Corning Incorporated (NYSE:GLW) is an optical communications, display technologies, environmental technologies, specialty materials, and life sciences business company. The one-month return of Corning Incorporated (NYSE:GLW) was -2.14%, and its shares gained 76.64% of their value over the last 52 weeks. On November 4, 2025, Corning Incorporated (NYSE:GLW) stock closed at $85.21 per share, with a market capitalization of $73.056 billion.

The London Company Income Equity Strategy stated the following regarding Corning Incorporated (NYSE:GLW) in its third quarter 2025 investor letter:

"Corning Incorporated (NYSE:GLW) – GLW continues to outperform expectations, led by strong demand in its Optical Communications segment, particularly its GenAI-related products. Increasing data speed and bandwidth requirements, both inside and outside data centers, are boosting demand. The uptick in topline has driven meaningful operating leverage. We believe GLW's diversified portfolio of innovative, value-added products is well-positioned to capitalize on secular growth trends."

Corning Incorporated (NYSE:GLW) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 70 hedge fund portfolios held Corning Incorporated (NYSE:GLW) at the end of the second quarter, up from 67 in the previous quarter. In the third quarter of 2025, Corning Incorporated (NYSE:GLW) sales grew 14% year-over-year to $4.27 billion. While we acknowledge the potential of Corning Incorporated (NYSE:GLW) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In another article, we covered Corning Incorporated (NYSE:GLW) and shared the list of best must-buy dividend stocks to invest in. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.