Truist Securities upgraded its recommendation on Corning from Hold to Buy on August 3, setting a $175 price target. Corning’s optical communications revenue reached $1.65 billion in Q3 2025, up 33% year-over-year, with enterprise sales surging 58% on genAI-specific products. Nvidia committed up to $3.2 billion by May 2026 and Meta up to $6 billion through 2030 for fiber-optic cables destined for their AI data centers. The company sees a $10 billion revenue opportunity tied to AI infrastructure by 2030.
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