GLW - The Cat's Out Of The Bag: Corning Stock Is Up Nearly 20% Just Weeks After Josh Brown Flagged It As 'Low-Key Misunderstood' AI Play | Benzinga
Ritholtz Wealth Management's Josh Brown is already up nearly 20% on his Corning Incorporated (NYSE:GLW) investment from last month. Although he’s sitting on significant gains over a very short period of time, he’s not selling as he continues to believe the stock is a misunderstood AI beneficiary.
What To Know: Corning shares are rallying Monday after the company raised its second-quarter guidance on strong AI-related demand.
Management now expects core sales in the second quarter of approximately $3.6 billion, up from previous guidance of $3.4 billion. Analysts currently expect core sales of $3.41 billion, according to Benzinga Pro.
Corning also said it now expects core earnings per share to come in at the high end of or slightly above management’s guided range of 42 cents to 46 cents per share. Current analyst forecasts call for earnings per share of 45 cents.
Corning shares were up ...