$GLW Optical Sales Up 36%. Three Hyperscale Deals Signed = BUY!

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$GLW Optical Sales Up 36%. Three Hyperscale Deals Signed = BUY!Corning IncBATS:GLWConnectmyCurrencyMost people think of Corning as a glass company. πŸͺŸ That framing is now dangerously out of date. Corning is the dominant supplier of optical fibre to AI data centres worldwide 🌐 and the AI infrastructure buildout is creating demand the company cannot fulfil fast enough. πŸ”₯ The smart money has already noticed. Now the weekly chart is giving the entry. πŸ“Š Q1 2026 core sales came in at $4.35 billion, up 18% year over year πŸ“ˆ, landing at the high end of guidance. This was the eighth consecutive quarter of year over year sales growth. πŸ† Optical Communications alone surged 36% to approximately $1.85 billion πŸ’₯ as hyperscalers and data centre operators continue to expand their networks at record pace. Core EPS hit $0.70, up 30% year over year. πŸ’° Net income grew 136% compared to Q1 2025. 🀯 Q2 2026 guidance calls for approximately $4.6 billion in revenue, up 14% year over year, with EPS growing approximately 25%. πŸš€ The deal flow tells the real story. 🀝 Corning signed a multi year agreement worth up to $6 billion with Meta Platforms to supply optical fibre and connectivity solutions for AI data centres. 🏭 By Q1, two additional unnamed hyperscale customers had signed agreements of similar size and duration, each with guaranteed revenue commitments and capacity funding. πŸ”’ Then on May 6, Nvidia and Corning announced a multi year partnership to build three new optical manufacturing plants in North Carolina and Texas. πŸ‡ΊπŸ‡Έ Nvidia backed the deal with $500 million in pre funded warrant investments πŸ’΅ and received warrants for up to 18 million GLW shares, potentially injecting $3.2 billion in cash if exercised. πŸ‘€ The initiative is expected to increase Corning's US optical connectivity manufacturing capacity tenfold. ⚑ Nvidia CEO Jensen Huang framed the partnership as the next phase of AI infrastructure expansion, beyond chips and into the optical systems connecting GPU clusters. 🧠 Corning's management raised their Springboard plan targets to $20 billion annualised revenue by end of 2026 πŸ“…, $30 billion by end of 2028, and $40 billion by 2030. 🎯 The 52 week range sits between $47.67 and $211.79. Mizuho has a $220 price target. πŸ“Š The analyst consensus is Buy across 15 firms with an average target of $197.67 and a high target of $230. πŸ‚ The weekly chart has pulled back from the 52 week high of $211.79 into a clean demand zone at the 0.618 Fibonacci retracement. πŸ“‰ The setup is clean. The risk is defined. This is the entry. βœ… 🟒 Buy Zone ~ $141.26 area (0.618 Fibonacci Weekly) Weekly demand zone with Fibonacci confluence. Price has retraced from all time highs into a level where institutional buyers are active. πŸ’° Entry: $141.26 πŸ›‘ Stop: $131.87 (6.647% below entry) 🎯 Target: $262.87 (86% upside from entry) πŸ“ˆ Risk/Reward Ratio: 12.95 πŸ“… Next Earnings: 27 July 2026 πŸ’΅ Dividend: $0.28 per share, ex date 29 May 2026 The fundamentals are accelerating. πŸ€– The partnerships are confirmed. 🀝 The weekly chart is giving the entry. Let price come to the zone and let the trade do the work. πŸš€ ⚠️ Not financial advice. Manage your risk.