Corning Incorporated (NYSE:GLW) was among the stocks Jim Cramer discussed while explaining how investors can navigate the current market rotation.
Cramer showed hesitancy when it came to buying more of the stock, as he said: Next, there’s Corning, another Charitable Trust company with another parabolic move, and it’s gotta come in more than just down 7%
The beatdown’s not enough to entice me to buy or at least buy more of it. Photo by jason briscoe on Unsplash Corning Incorporated (NYSE:GLW) develops optical fiber, cables, and related hardware for telecommunications, and produces glass substrates for displays used in TVs, computers, and mobile devices. Cramer highlighted the company’s partnership with NVIDIA during the May 7 episode, as he stated: Oh boy, this is a big week for Corning, the iconic American glass maker, ringing the closing bell here today to celebrate its 175th anniversary.
But even though it’s old, the company’s more relevant than ever. They make everything from iPhone screens to the kind of optical fiber that’s used to tie everything in the data center together. Just yesterday, NVIDIA announced a major new partnership with Corning to expand their optical connectivity manufacturing capacity by a factor of 10.