Corning sees second-quarter core sales above estimates as AI boom aids demand

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Corning forecast second-quarter core sales above Wall Street expectations on Tuesday, aided by strong demand for its optical connectivity products used in AI-related infrastructure. Shares of the company, which also makes Gorilla Glass, rose more than 1% in premarket trading.

Corning’s cables and connectors are benefiting from businesses pouring money into new data center projects, which require equipment that can rapidly process data to train artificial intelligence models.

“In optical communications, sales in our enterprise business were up 106%…



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Corning sees second-quarter core sales above estimates as AI boom aids demand


Corning forecast second-quarter core sales above Wall Street expectations on Tuesday, aided by strong demand for its optical connectivity products used in AI-related infrastructure. Shares of the company, which also makes Gorilla Glass, rose more than 1% in premarket trading.

Corning’s cables and connectors are benefiting from businesses pouring money into new data center projects, which require equipment that can rapidly process data to train artificial intelligence models.

“In optical communications, sales in our enterprise business were up 106%…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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