Corning (GLW) Is Still Buyable, Says Jim Cramer

We recently published 13 Stocks Jim Cramer Talked About.  Corning Incorporated (NYSE:GLW) is one of the stocks that Jim Cramer talked about.

Corning Incorporated (NYSE:GLW) is one of the largest electrical components and glass manufacturers in the world. Its shares are up by 154% over the past year and by 47% year-to-date. UBS discussed Corning Incorporated (NYSE:GLW) in late January. The bank raised the share price target to $125 from $109 and kept a Buy rating on the stock. It outlined that Corning Incorporated (NYSE:GLW)’s management had indicated that the firm could secure additional deals for its optical business. During its fourth quarter, the glass products manufacturer had reported $4.41 billion in revenue and $0.72 in earnings per share, with management commenting that Corning Incorporated (NYSE:GLW)’s multi-year deal with Meta would be worth as much as $6 billion in revenue. As for Cramer, the CNBC TV host has asserted several times recently that the firm can end up replacing copper with glass inside data centers. In a tweet about Corning Incorporated (NYSE:GLW) on February 11th, he tied the firm’s performance with data center equipment provider Vertiv’s recent results:

“Those Vertiv orders were incredible..Great for Club Names Corning, Eaton, GEV. Still buyable!!”

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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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