Jim Cramer's Charitable Trust is selling 50 shares of Corning (GLW) and 275 shares of Wells Fargo (WFC). The sales aim to take profits after significant rallies in both stocks.
Market analysis of top 10 watched items including semiconductor and AI stock reversals, Nvidia's China summit, and various company earnings and target adjustments.
Chipmaking giant Nvidia’s deepening partnership with US fibre optics maker Corning to replace copper links in next-generation rack-scale artificial intelligence systems is shining a spotlight on mainland China’s optical communications supply chain. The domestic optical value chain is also doubling down on AI scenarios, emerging as the global bedrock for the high-capacity components required to power AI infrastructure. “The global optical fibre and cable market had entered a period of both rising...
Nvidia CEO Jensen Huang highlighted his company's partnership with Corning as an opportunity to reinvest in American manufacturing.
The investment story for Corning looks even sweeter in the wake of Jim Cramer's sit-down with CEO Wendell Weeks.
Corning is opening three new advanced manufacturing plants in the U.S. dedicated entirely to optical technologies for Nvidia.
Corning is opening three new advanced manufacturing plants in the U.S. dedicated entirely to optical technologies for Nvidia.
The S&P 500 maintains its rally driven by strong AI-related earnings. The coming week features key quarterly results from Eaton, DuPont, and Arm Holdings, while investors monitor U.S. labor market health through upcoming JOLTS and nonfarm payroll reports.
The S&P 500 was flat ahead of the Federal Reserve's interest rate decision, likely Jerome Powell's last meeting as Fed chair, with Kevin Warsh expected to take over in May. Jim Cramer expressed concern about rising bond yields and oil prices threatening rate cuts, impacting Home Depot. Microsoft earnings after the close represent a battleground, with Cramer worried about the company's response to Copilot concerns. Despite Corning's post-earnings decline, Cramer sees an opportunity to add ahead of upcoming investor events.
Corning reported Q1 revenue of $4.35 billion, up 18% YoY, beating estimates, with adjusted EPS of 70 cents. The stock fell 7% despite better-than-expected results and two new long-term supply agreements for AI infrastructure. The company announced deals 'similar in size and duration' to its $6 billion Meta deal through 2030, though customer names weren't disclosed. Optical Communications rose 36% YoY to $1.85 billion, while Solar grew 80% to $370 million, now a separate reporting segment.
