{"id":88728,"date":"2024-07-09T00:16:11","date_gmt":"2024-07-09T04:16:11","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=88728"},"modified":"2024-07-09T00:01:50","modified_gmt":"2024-07-09T04:01:50","slug":"corning-shares-pop-12-as-ai-boom-drives-stronger-than-expected-demand-for-equipment","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2024\/corning-shares-pop-12-as-ai-boom-drives-stronger-than-expected-demand-for-equipment.html","title":{"rendered":"Corning shares pop 12% as AI boom drives stronger-than-expected demand for equipment"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/GLW\/\">Corning<\/a>\u00a0shares closed up 12% Monday after the company raised its\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.corning.com\/worldwide\/en\/about-us\/news-events\/news-releases\/2024\/07\/corning-expects-second-quarter-core-sales-to-exceed-guidance-with-core-eps-at-the-high-end-of-or-slightly-above-guided-range.html\" target=\"_blank\">second-quarter guidance<\/a>, marking the stock\u2019s best trading day since March 2020. The company, known for developing the\u00a0<a href=\"https:\/\/www.cnbc.com\/2019\/02\/08\/how-apple-iphone-gorilla-glass-is-made-corning-factory.html\">Gorilla Glass<\/a>\u00a0used for\u00a0<a href=\"https:\/\/www.cnbc.com\/quotes\/AAPL\/\">Apple<\/a>\u00a0iPhones and other phones, credits the outperformance to demand for its optical connectivity products that power networks that run generative\u00a0<a href=\"https:\/\/www.cnbc.com\/ai-artificial-intelligence\/\">artificial intelligence<\/a>.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/07\/08\/corning-stock-up-12percent-as-ai-boom-drives-stronger-than-expected-demand.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Corning\u00a0shares closed up 12% Monday after the company raised its\u00a0second-quarter guidance, marking the stock\u2019s best trading day since March 2020. The company, known for developing the\u00a0Gorilla Glass\u00a0used for\u00a0Apple\u00a0iPhones and other phones, credits the outperformance to demand for its optical [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88728","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=88728"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88728\/revisions"}],"predecessor-version":[{"id":88729,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88728\/revisions\/88729"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=88728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=88728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=88728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}