GLW, AVGO Partner to Boost Processing Capabilities of AI Data Centers
Corning's competitive strength lies in its focus on innovation. The company offers a range of products focused on the data center, with a portfolio that includes optical fiber, hardware, cables, and connectors, enabling it to create customized optical solutions that meet evolving customer needs. The growing adoption of innovative optical connectivity products for generative AI applications is expected to be a key growth driver in the Optical Communication segment.Corning continues to expand its portfolio of data center solutions with innovations like the CPO FlexConnect Fiber. This single-mode fiber is engineered for enhanced bend performance and reduced multi-path interference, optimizing overall system performance within CPO architectures. In addition to this effort, both companies are now expanding their efforts to develop next-generation CPO solutions based on 200G per lane technology, aiming to unlock even greater efficiency and data throughput. These advancements are expected to generate incremental demand for Corning's solutions, leading to higher revenues. An improved financial performance is likely to propel the stock upward.
Shares of Corning have soared 35.6% over the past year compared with the industry's growth of 33.2%.
Image Source: Zacks Investment Research
Corning currently carries a Zacks Rank #3 (Hold). A couple of better-ranked stocks in the broader industry have been discussed below:InterDigital IDCC carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
In the trailing four quarters, InterDigital delivered an earnings surprise of 160.15%. The company is a pioneer in advanced mobile technologies that enable wireless communications and capabilities.InterDigital designs and develops a wide range of advanced technology solutions used in digital cellular, wireless 3G, 4G, and IEEE 802-related products and networks.Arista Networks, Inc. ANET, carrying a Zacks Rank of 2 at present, supplies products to a prestigious set of customers, including Fortune 500 global companies in markets such as cloud titans, enterprises, financials and specialty cloud service providers.Arista delivered a trailing four-quarter average earnings surprise of 11.82% and has a long-term growth expectation of 14.81%. Arista currently serves five verticals, namely – cloud titans (customers that deploy more than one million servers), cloud specialty providers, service providers, financial services and the rest of the enterprise.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Corning Incorporated (GLW) : Free Stock Analysis Report
InterDigital, Inc. (IDCC) : Free Stock Analysis Report
Broadcom Inc. (AVGO) : Free Stock Analysis Report
Arista Networks, Inc. (ANET) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
5 hours ago
- Yahoo
Broadcom (AVGO) Stock Rated Buy by Goldman Sachs on AI and M&A Strength
Broadcom Inc. (NASDAQ:AVGO) ranks among the . On July 10, Goldman Sachs began coverage of Broadcom Inc. (NASDAQ:AVGO) with a Buy rating and a $315 price target. The investment bank pointed to Broadcom's long-term merger and acquisition strategy, which has allowed it to establish a strong franchise position across many infrastructure software areas. According to Goldman Sachs, Broadcom Inc. (NASDAQ:AVGO) will continue to dominate the enterprise networking silicon market and use this advantage to gain the lion's share of custom silicon processors for major hyperscalers in the United States. According to the firm, by 2026, artificial intelligence will account for more than 40% of Broadcom's operations, while the company's core infrastructure software division continues to produce consistent, increasing profitability. Broadcom Inc. (NASDAQ:AVGO) is a multinational semiconductor company specializing in the design, development, and distribution of a wide range of products. While we acknowledge the potential of AVGO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Sign in to access your portfolio
Yahoo
5 hours ago
- Yahoo
Broadcom (AVGO) Stock Rated Buy by Goldman Sachs on AI and M&A Strength
Broadcom Inc. (NASDAQ:AVGO) ranks among the . On July 10, Goldman Sachs began coverage of Broadcom Inc. (NASDAQ:AVGO) with a Buy rating and a $315 price target. The investment bank pointed to Broadcom's long-term merger and acquisition strategy, which has allowed it to establish a strong franchise position across many infrastructure software areas. According to Goldman Sachs, Broadcom Inc. (NASDAQ:AVGO) will continue to dominate the enterprise networking silicon market and use this advantage to gain the lion's share of custom silicon processors for major hyperscalers in the United States. According to the firm, by 2026, artificial intelligence will account for more than 40% of Broadcom's operations, while the company's core infrastructure software division continues to produce consistent, increasing profitability. Broadcom Inc. (NASDAQ:AVGO) is a multinational semiconductor company specializing in the design, development, and distribution of a wide range of products. While we acknowledge the potential of AVGO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None.
Yahoo
8 hours ago
- Yahoo
Prediction: 2 Artificial Intelligence (AI) Stocks Will Be Worth More Than Apple by 2030 (Hint: Not Nvidia)
Key Points Apple currently has a market value of $3.1 trillion, but Meta Platforms and Broadcom could surpass that figure within five years. Meta Platforms is using AI to improve engagement across its social media platforms, and the company is the undisputed leader the nascent smart glasses market. Broadcom is a leader in AI networking chips and custom AI accelerators, and its clientele includes Apple, Google, Meta Platforms, and OpenAI. 10 stocks we like better than Meta Platforms › Apple is currently the third largest public company, with a market value of $3.1 trillion. I expect two artificial intelligence stocks to surpass that figure within five years. I am not talking about Nvidia, which is already worth $4.3 trillion, but rather Meta Platforms (NASDAQ: META) and Broadcom (NASDAQ: AVGO). Here's what my prediction would mean for shareholders: Meta Platforms is currently worth $1.7 trillion. The stock must gain 88% for the company to achieve a market value of $3.2 trillion, which implies annual returns of 13.5% over the next five years. Broadcom is currently worth $1.4 trillion. The stock must advance 129% for the company to achieve a market value of $3.2 trillion, which implies annual returns of 18% over the next five years. Here's why I have confidence in my predictions. 1. Meta Platforms Meta Platforms owns three of the four most popular social media platforms in Facebook, Instagram, and WhatsApp as measured by monthly active users. That ability to engage people and collect data makes the company a valuable advertising partner, so much so that Meta is the second largest ad tech company in the world behind Alphabet's Google. Meta is successfully using artificial intelligence (AI) to improve consumer engagement with better content recommendations across its social media properties. CEO Mark Zuckerberg told analysts on the first-quarter earnings call time spent on Facebook increased 7% and time spent on Instagram increased 6% in the past six months. Meta is also using artificial intelligence to help marketers optimize campaign performance. The number of advertisers using AI creative tools rose 30% in the first quarter, and better ad targeting for Reels increased conversion rates by 5%. Also, Meta recently introduced new AI features that let marketers turn images into videos, embed conversational agents into ads, and translate campaigns into multiple languages. Importantly, Meta has opportunities beyond artificial intelligence. The company dominates the nascent smart glasses market, which tripled in size last year and is forecast to increase faster than 60% annually through 2029, according to Counterpoint Research. Zuckerberg has frequently asserted smart glasses with built-in holographic displays will eventually replace smartphones. Here's why Meta could surpass Apple's current market value by 2030: Wall Street estimates the company's earnings will grow at 15% annually in the next three to five years. That makes the current valuation of 27 times earnings look reasonable. And if Meta's earnings do grow at 15% annually through 2030, its market value could increase 88% to $3.2 trillion while its valuation multiple drops to 25.5 times earnings. That seems entirely plausible. 2. Broadcom Broadcom develops infrastructure software and semiconductor solutions. The company is the market leader in Wi-Fi chipsets, which let devices like smartphones connect to wireless networks. It also dominates the market for Ethernet switch chips, which move information between data center servers and storage. Demand for high-speed networking chips will increase as artificial intelligence workloads become more common. Additionally, Broadcom is the leading supplier of custom AI accelerators, commonly called application-specific integrated circuits (ASICs). The company currently develops AI ASICs for seven hyperscale clients, including Apple, ByteDance, Google, Meta Platforms, and OpenAI. Broadcom also has two other unnamed customers. Morgan Stanley analysts estimate the market for AI ASICs will increase at 34% annually through 2030. Here's why Broadcom could top Apple's current market value by 2030. Wall Street expects adjusted earnings to grow at 20% annually through 2028. That makes the current valuation of 52 times adjusted earnings look tolerable. But if Broadcom's earnings increase at 20% annually through 2030, its market value could jump 129% to $3.2 trillion while its valuation drops to a more reasonable 47 times earnings. Admittedly, it will be more difficult for Broadcom (compared to Meta Platforms) to surpass Apple's current market value within five years. But I still think it's a distinct possibility. Not only because the company beat the consensus earnings estimate by 4% during the past six quarters -- which suggests Wall Street analysts may be underestimating future earnings growth -- but also because management says AI chip revenue could more than quadruple by 2027. Should you buy stock in Meta Platforms right now? Before you buy stock in Meta Platforms, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Meta Platforms wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $638,629!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,098,838!* Now, it's worth noting Stock Advisor's total average return is 1,049% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Trevor Jennewine has positions in Nvidia. The Motley Fool has positions in and recommends Alphabet, Apple, Meta Platforms, and Nvidia. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy. Prediction: 2 Artificial Intelligence (AI) Stocks Will Be Worth More Than Apple by 2030 (Hint: Not Nvidia) was originally published by The Motley Fool Sign in to access your portfolio
