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Insider Trading

Corning Insider Sold Shares Worth $18,646,070, According to a Recent SEC Filing

Wendell P Weeks, Director, Chairman, CEO and President, on June 09, 2026, sold 100,000 shares in Corning (GLW) for $18,646,070. Following the Form 4 filing with the SEC, Weeks has control over a total of 936,452 common shares of the company, with 908,353 shares held directly and 28,099 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/24741/000002474126000237/xslF345X05/form4.xml

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Sectors

Sector Update: Tech Stocks Gain Late Afternoon

Tech stocks were higher late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.2% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 4%.The Philadelphia Semiconductor index jumped 5.7%.In corporate news, Cantor Fitzgerald adjusted its price target on Micron Technology's (MU) shares to $1,500 from $700 while maintaining its overweight rating. Wells Fargo adjusted its price objective for Micron to $1,220 from $550, while keeping its overweight rating on the stock. Micron shares climbed past 7%.Amazon (AMZN) said Monday it signed a multibillion-dollar deal with Corning (GLW) to supply optical fiber, cable and connectivity products for its growing US data center network. Separately, Amazon is set to raise C$14 billion ($10 billion) from its investment-grade Canadian dollar bond sale, Bloomberg reported. Corning shares jumped past 5%, and Amazon was down 0.5%.Intel (INTC) shares gained 11% after The Information reported that Alphabet's (GOOGL) Google and Nvidia (NVDA) have turned to Intel as a backup manufacturer for their most advanced processors as Taiwan Semiconductor Manufacturing (TSM) struggles to meet overwhelming demand.Cerebras Systems (CBRS) is expected to benefit from rising demand for low-latency AI inference, Morgan Stanley said in a client note. The brokerage started Cerebras' coverage with an overweight rating and a $250 price target. Cerebras shares surged 20%.

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Sectors

Sector Update: Tech Stocks Gain Monday Afternoon

Tech stocks were higher Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.7% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 4.6%.The Philadelphia Semiconductor index jumped 6%.In sector news, SpaceX (SPCX) has attracted about $150 billion in investor demand for its initial public offering, about twice the $75 billion it aims to raise, Reuters reported Sunday.In corporate news, Amazon (AMZN) said Monday it signed a multibillion-dollar deal with Corning (GLW) to supply optical fiber, cable and connectivity products for its growing US data center network. Separately, Amazon is set to raise C$14 billion ($10 billion) from its investment-grade Canadian dollar bond sale, Bloomberg reported. Corning shares jumped past 5%, and Amazon was down 0.3%.Intel (INTC) shares climbed nearly 12% after The Information reported that Alphabet's (GOOGL) Google and Nvidia (NVDA) have turned to Intel as a backup manufacturer for their most advanced processors as Taiwan Semiconductor Manufacturing (TSM) struggles to meet overwhelming demand.Cerebras Systems (CBRS) is expected to benefit from rising demand for low-latency AI inference, Morgan Stanley said in a client note. The brokerage started Cerebras' coverage with an overweight rating and a $250 price target. Cerebras shares surged past 19%.

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Sectors

Sector Update: Tech

Tech stocks were higher Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 3% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 5.6%.The Philadelphia Semiconductor index popped 6.7%.In corporate news, Amazon (AMZN) said Monday it signed a multibillion-dollar deal with Corning (GLW) to supply optical fiber, cable and connectivity products for its growing US data center network. Corning shares jumped past 6%, and Amazon was down 0.2%.

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Wire

Top Midday Stories: US Weighs Financial Stakes in AI Firms; Google, Nvidia Turn to Intel as TSMC Struggles With Demand

All three major US stock indexes were up in late-morning trading Monday, after Iran's Ministry of Foreign Affairs said its military has ceased its strikes against Israel, though they could resume if Israeli operations in Lebanon continue.The US government is considering taking a financial stake in artificial intelligence companies, with President Donald Trump planning to meet with executives next week, news outlets reported late Friday, citing the president's comments aboard Air Force One.In company news, Alphabet's (GOOG, GOOGL) Google and Nvidia (NVDA) have turned to Intel (INTC) as a backup manufacturer for their most advanced processors as Taiwan Semiconductor Manufacturing (TSM) struggles to meet overwhelming demand, The Information reported Monday, citing four people with direct knowledge of the discussions. Google has placed an order for over 3 million Tensor Processing Units from Intel in 2028, the report said, citing two of the people. Nvidia hasn't placed an order with Intel, but its evaluating whether Intel technology can be used to make a processor that combines four graphics chips into a single unit, two of the people reportedly told The Information. Shares of Alphabet's Class C and Class A shares were both down 1.2% around midday. Nvidia shares were up 1%. Intel shares were up 12%, while TSM shares were up 3.5%.Eli Lilly (LLY) said Sunday that overweight or obese female patients reduced their body weight throughout all menopausal phases while using the maximum dose of its Foundayo medication in two medical trials. The first trial showed that pre-menopausal, perimenopausal and post-menopausal individuals dropped a maximum of 28 pounds, 30.4 pounds, and 28.2 pounds over 72 weeks, the company said. During the second study focusing on subjects with type 2 diabetes, patients in the same three physiological stages shed up to 23.4 pounds, 18.5 pounds, and 27.8 pounds, the company said. Separately, the company reported Saturday that additional phase 3 data showed that its investigational molecule retatrutide achieved substantial weight loss with meaningful improvements in obesity-related conditions, including knee osteoarthritis pain, moderate-to-severe obstructive sleep apnea, and type 2 diabetes. Eli Lilly shares were up 2.6%.Amazon (AMZN) said Monday it signed a multibillion-dollar deal with Corning (GLW) to supply optical fiber, cable and connectivity products for its growing US data center network. Amazon shares were down 0.1%, while Corning shares were up 6.3%.SpaceX (SPCX) has attracted about $150 billion in investor demand for its initial public offering, about twice the $75 billion it aims to raise, Reuters reported Sunday, citing people familiar with the matter.Tango Therapeutics (TNGX) said Monday that initial results from its phase 1/2 trial of vopimetostat, an investigational PRMT5 inhibitor, in combination with Revolution Medicines inhibitor daraxonrasib showed a six-month progression-free survival rate of 90% in patients with pancreatic cancer. Tango shares were up 47%.Campbell's (CPB) reported fiscal Q3 adjusted earnings Monday of $0.50 per diluted share, down from $0.73 a year earlier but above the FactSet consensus analyst estimate of $0.48. Fiscal Q3 net sales were $2.37 billion, down from $2.48 billion a year ago and below the FactSet consensus of $2.38 billion. Campbell's shares were down 1.2%.Price: $207.86, Change: $+2.76, Percent Change: +1.35%

$AMZN$CPB$GLW$GOOG$GOOGL$INTC$LLY$NVDA$TNGX$TSM
Amazon, Corning Agree to Multibillion-Dollar Fiber Supply Pact for US Data Centers
US Markets

Amazon, Corning Agree to Multibillion-Dollar Fiber Supply Pact for US Data Centers

Amazon.com (AMZN) agreed to a multibillion-dollar deal with specialty glass maker Corning (GLW) to secure optical fiber, cable, and connectivity components for its US data center infrastructure.The deal includes expansion of Corning's facilities in North Carolina and creation of 1,000 new jobs at the site, Amazon said Monday."This agreement with Amazon represents a significant milestone for Corning and for American manufacturing," Corning CEO Wendell Weeks said in a statement. "Amazon's investment will help us expand production, create 1,000 new advanced manufacturing jobs at our facilities, and lead the way toward building a resilient US manufacturing base.""Amazon's data centers power the services millions of people and businesses rely on," the e-commerce company said. "Corning's fiber optics are a critical part of that infrastructure, and together, these investments help fuel the US economic engine."Corning shares rose 6.8% in Monday trading and have more than doubled this year. Amazon gained 0.5%, and the stock has climbed 7.1% this year.Amazon will also work with Corning to expand its fiber optic technician training program with Catawba Valley Community College, covering fiber manufacturing and technical roles.In May, Corning partnered with Nvidia (NVDA) to boost its optical connectivity manufacturing capacity and support AI factory buildouts. The deal included construction of three new facilities in North Carolina and Texas.In June 2025, Amazon announced a $10 billion investment in North Carolina for cloud infrastructure development. Since 2010, the company has poured $20 billion into the state, creating 26,000 jobs.Price: $247.28, Change: $+1.25, Percent Change: +0.51%

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Wire

UBS Adjusts Price Target on Corning to $228 From $223, Maintains Buy Rating

Corning Inc (GLW) has an average rating of overweight and mean price target of $205, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $183.90, Change: $-14.05, Percent Change: -7.10%

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Insider Trading

Corning Insider Sold Shares Worth $5,263,637, According to a Recent SEC Filing

Jaymin Amin, Senior Vice President and Chief Technology Officer, on May 22, 2026, sold 27,395 shares in Corning (GLW) for $5,263,637. Following the Form 4 filing with the SEC, Amin has control over a total of 97,002 common shares of the company, with 94,400 shares held directly and 2,602 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/24741/000002474126000233/xslF345X05/form4.xml

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Insider Trading

Corning Insider Sold Shares Worth $3,918,600, According to a Recent SEC Filing

Avery H Nelson III, Executive Vice President & COO, on May 15, 2026, sold 20,000 shares in Corning (GLW) for $3,918,600. Following the Form 4 filing with the SEC, Nelson has control over a total of 73,907 common shares of the company, with 70,059 shares held directly and 3,848 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/24741/000002474126000231/xslF345X05/form4.xml

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Research

Research Alert: CFRA Maintains Buy Opinion On Shares Of Corning Incorporated

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target by $50 to $225, 53.3x our 2027 EPS estimate, a premium to its three-year historical average P/E at 22.5x. We increase our 2026 EPS estimate by $0.05 to $3.20 and raise 2027's by $0.26 to $4.22. Corning is entering a new phase of accelerating organic growth, particularly starting in 2027, with upgraded targets for annualized sales run rates by 2028 and 2030. This includes ambitious goals such as reaching $30 billion by the end of 2028 and $40 billion by the end of 2030, which represents significant increases from previous plans and demonstrates confidence in sustained expansion. It announced a long-term technology and commercial partnership with NVIDIA. This partnership will create significant opportunities for growth, particularly through new innovations and advanced manufacturing platforms. The partnership highlights Corning's opportunity with new GenAI OEM customers, and is closely linked to its new Photonics Market-Access Platform.

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Insider Trading

Corning Insider Sold Shares Worth $674,870, According to a Recent SEC Filing

Michaune D Tillman, Senior Vice President and General Counsel, on May 11, 2026, sold 3,260 shares in Corning (GLW) for $674,870. Following the Form 4 filing with the SEC, Tillman has control over a total of 10,174 common shares of the company, with 10,174 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/24741/000002474126000223/xslF345X05/form4.xml

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Insider Trading

Corning Insider Sold Shares Worth $4,124,646, According to a Recent SEC Filing

Soumya Seetharam, Senior Vice President & Chief Digital and Information Officer, on May 11, 2026, sold 20,000 shares in Corning (GLW) for $4,124,646. Following the Form 4 filing with the SEC, Seetharam has control over a total of 25,570 common shares of the company, with 25,570 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/24741/000002474126000221/xslF345X05/form4.xml

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Insider Trading

Corning Insider Sold Shares Worth $3,949,680, According to a Recent SEC Filing

Stefan Becker, Senior Vice President, Finance & Corporate Controller, on May 08, 2026, sold 21,000 shares in Corning (GLW) for $3,949,680. Following the Form 4 filing with the SEC, Becker has control over a total of 7,263 common shares of the company, with 7,263 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/24741/000002474126000215/xslF345X05/form4.xml

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Insider Trading

Corning Insider Sold Shares Worth $1,004,689, According to a Recent SEC Filing

Michelle L Gullo, Senior Vice President & Chief Human Resources Officer, on May 08, 2026, sold 5,315 shares in Corning (GLW) for $1,004,689. Following the Form 4 filing with the SEC, Gullo has control over a total of 37,636 common shares of the company, with 37,636 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/24741/000002474126000216/xslF345X05/form4.xml

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Insider Trading

Corning Insider Sold Shares Worth $5,440,593, According to a Recent SEC Filing

Lewis A Steverson, Vice Chairman, Executive Vice President, and Chief Legal & Administrative Officer, on May 08, 2026, sold 27,750 shares in Corning (GLW) for $5,440,593. Following the Form 4 filing with the SEC, Steverson has control over a total of 28,152 common shares of the company, with 28,152 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/24741/000002474126000217/xslF345X05/form4.xml

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Wire

Corning Issues Conservative Topline Growth Guidance, Assumes Moderation in Hyperscale Capex, BofA Says

Corning (GLW) issued conservative topline growth guidance for segments other than Optical and Solar, while assuming moderation in Hyperscale capital expenditure over time, BofA Securities said in a note emailed Thursday.The company raised Springboard Plan targets and extended the duration to 2030, the firm said. It now expects annualized sales of $27 billion under its high confidence plan and $30 billion under its internal plan by Q4 2028, according to the note.Management maintained its operating margin target at 20% or higher, as capacity expansions are needed to support the forecasted topline growth, the firm said. BofA expects Corning to lift the operating margin target over time.Given the higher revenue targets but unchanged operating margins, BofA forecasts earnings per share of $10.42 by calendar year 2030.BofA maintained a buy rating on Corning and raised the price target to $223 from $186.Price: $181.67, Change: $+0.10, Percent Change: +0.06%

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Wire

BofA Adjusts Price Target on Corning to $223 From $186, Maintains Buy Rating

Corning Inc (GLW) has an average rating of overweight and mean price target of $199.23, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $182.33, Change: $+0.76, Percent Change: +0.42%

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Wire

UBS Adjusts Price Target on Corning to $223 From $179, Maintains Buy Rating

Corning (GLW) has an average rating of overweight and mean price target of $202.31, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $184.01, Change: $+2.46, Percent Change: +1.35%

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Wire

Oppenheimer Adjusts Price Target on Corning to $210 From $120, Maintains Outperform Rating

Corning Inc (GLW) has an average rating of overweight and mean price target of $199.23, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $183.72, Change: $+2.17, Percent Change: +1.20%

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US Markets

Nasdaq, S&P 500 Hit New Highs as Iran Deal Prospects Brighten

The Nasdaq Composite and the S&P 500 climbed to new peaks and oil prices tumbled on Wednesday following reports about the US and Iran nearing a potential peace agreement.The Nasdaq Composite rose 2% to 25,838.9, while the S&P 500 advanced 1.5% to 7,365.1, recording their highest close ever and biggest one-day percentage gains since April 8. The Dow Jones Industrial Average gained 1.2% to settle at 49,910.6.Barring energy and utilities, all sectors ended in the green, led by industrials and technology, which gained 2.6% each.West Texas Intermediate crude was last down 6.9% at $95.20 per barrel, while Brent slumped 7.7% to $101.40.American and Iranian officials are close to a one-page memorandum of understanding to end the war and establish a framework for nuclear negotiations, Axios reported Wednesday, citing sources."A deal announcement would move futures further immediately, in fact even the potential of a deal is already triggering a decline in oil prices," Rystad Energy Chief Oil Analyst Paola Rodriguez-Masiu said in remarks emailed to.The physical market's recovery won't be as quick as the futures market predicts, Rodriguez-Masiu said, pointing to a six-to-eight-week lag between the strait reopening and oil flows normalizing.US President Donald Trump said the US has had "very good talks" with Iran over the past 24 hours, but there is no deadline on when he expects Tehran to respond to a US proposal to end the war, CNN reported.Trump warned that Iran's failure to agree to a deal would trigger a powerful military operation, according to his social media post from earlier in the day.Iran said it was reviewing the latest US proposal, according to news reports.US Treasury yields were lower, with the 10-year rate down 7.8 basis points at 4.35% and the two-year rate falling 7.4 basis points to 3.88%.In company news, Advanced Micro Devices (AMD) shares surged nearly 19%, among the best performers on the S&P 500.Late Tuesday, the chipmaker reported stronger-than-expected first-quarter results as demand for artificial intelligence infrastructure pushed data center revenue higher year over year.Advanced Micro Devices is expected to capture about half of the total addressable market for server central processing units, which the company expects will exceed $120 billion by 2030, BofA Securities said.Walt Disney's (DIS) fiscal second-quarter results came in ahead of market estimates Wednesday amid revenue gains across all business operations, while the media and entertainment giant reiterated its expectations for growth to accelerate in the second half. Disney's shares climbed 7.5%, the top performer on the Dow.Nvidia (NVDA) followed Disney on the Dow, up 5.8%. Specialty glass maker Corning (GLW) will boost its optical connectivity manufacturing capacity under a multiyear partnership with the chipmaking giant to support AI factory buildouts. Corning shares jumped 12%.Arista Networks (ANET) shares tumbled nearly 14%, among the worst S&P 500 performers. Late Tuesday, the cloud networking company issued a second-quarter revenue outlook slightly below market estimates.In economic news, employment in the US private sector grew at its fastest pace in more than a year in April, ADP (ADP) data showed."The uptick in private payroll gains from the ADP employment report not only suggests a stable labor market, but one that was potentially warming despite the outbreak of the war in Iran," Oxford Economics said in a note. "If this signal is echoed in the official measure on Friday, the unemployment rate is likely to fall given the low break-even rate, which we estimate is near zero."Data from the Bureau of Labor Statistics are expected to show Friday that the US economy added 65,000 nonfarm jobs last month, which would represent a fall from a 178,000 increase reported for March, according to a Bloomberg-compiled survey. The unemployment rate is seen unchanged at 4.3%.St. Louis Fed President Alberto Musalem said Wednesday that risks have shifted toward higher inflation."We have risks both on the employment side and on the inflation side," Musalem said at a Mississippi Bankers Association event, according to a Reuters report. "In my understanding risks have been shifting towards ... the inflation side."Gold rose 3.1% to $4,708.50 per troy ounce, while silver climbed 6.1% to $78.05 per ounce.

Dow JonesNasdaq CompositeS&P 500$ADP$AMD$ANET$DIS$GLW$NVDA

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