FILE PHOTO: A screen displays the logo for Corning Inc. at the New York Stock Exchange in New York, U.S., November 18, 2019. REUTERS/Brendan McDermid/File PhotoCorning raised its second-quarter core sales forecast on Monday, driven by robust adoption of its new optical connectivity products for generative AI, sending the specialty glass maker's shares up more than 6 per cent in premarket trading.
Corning's fiber optic solutions help companies transmit massive amounts of data needed for training AI systems. Hyperscale data centers require high-capacity optic cables to interconnect the facilities that may house storage devices and other infrastructure for their operations. The company, which makes Gorilla Glass used in smartphones by companies such as Samsung Electronics and Apple, will report its second-quarter results on July 30.