Corning (GLW) Stock Could Be 31% Below Fair Value As AI Fiber Demand Builds

Corning has ridden the AI infrastructure buildout to sharp gains over the past few years, helped by demand for high value optical fiber and data center connectivity. After that kind of run, the key question is whether the current share price lines up with what the company’s cash flows can reasonably support. Over the past 3 years, Corning shares have climbed 436.5%, which puts a lot of weight on the idea that future cash generation will keep up with the optimism already in the price. The...