Corning (GLW) Climbs 6.87% on Rare Earths Devt Support

We precocious published 10 Big Names Already Crushing This February. Corning Inc. (NYSE:GLW) was 1 of the apical performers connected Monday.

Corning rallied for a 2nd time connected Monday, jumping 6.87 percent to adjacent astatine $110.35 apiece, arsenic investors stake connected President Donald Trump’s $12 cardinal uncommon earths stockpile task arsenic a immense catalyst for the company’s sustained expansion.

Called the Project Vault, the US would make a stockpile of uncommon world minerals captious to the accumulation of assorted industries specified arsenic semiconductors, automotive, gadgets, batteries, electrical cars, and subject applications, among others.

Under the project, companies that person pledged to bargain materials astatine a circumstantial inventory volition wage upfront fees and supply Project Vault a database of their preferred materials, and they volition besides hold to repurchase the aforesaid magnitude astatine the aforesaid terms successful the future.

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According to a study by Bloomberg, Corning Inc. (NYSE:GLW) alongside companies specified arsenic General Motors, Stellantis, Boeing, GE Vernova, and Google, has already signed up for the project.

The quality followed Corning Inc.’s (NYSE:GLW) $6 cardinal woody with Meta Platforms Inc. past week, nether which it would proviso the second with fibre optic cables for its information centers.

Also past week,Corning Inc. (NYSE:GLW) reported a 215 percent leap successful its attributable nett income astatine $1.596 billion, versus $506 cardinal successful the aforesaid play past year. Net income jumped by 19 percent to $15.6 cardinal from $13.1 cardinal year-on-year.

In the archetypal 4th of 2026, the institution is looking to registry a 15 percent leap successful halfway income astatine $4.2 cardinal to $4.3 billion.

While we admit the imaginable of GLW arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.