Close Menu
    Facebook LinkedIn YouTube Instagram X (Twitter)
    Blue Tech Wave Media
    Facebook LinkedIn YouTube Instagram X (Twitter)
    • Home
    • Leadership Alliance
    • Exclusives
    • Internet Governance
      • Regulation
      • Governance Bodies
      • Emerging Tech
    • IT Infrastructure
      • Networking
      • Cloud
      • Data Centres
    • Company Stories
      • Profiles
      • Startups
      • Tech Titans
      • Partner Content
    • Others
      • Fintech
        • Blockchain
        • Payments
        • Regulation
      • Tech Trends
        • AI
        • AR/VR
        • IoT
      • Video / Podcast
    Blue Tech Wave Media
    Home » Corning revises Q2 sales forecast with better sales
    news-AI-fibre-09-07
    news-AI-fibre-09-07
    AI

    Corning revises Q2 sales forecast with better sales

    By Ashley WangJuly 9, 2024No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email
    • Corning has raised its second-quarter core sales forecast to $3.6 billion, up from the previous estimate of $3.4 billion.
    • This optimistic revision highlights the crucial role of Corning’s optical solutions in meeting the growing demands of hyperscale data centres, essential for AI training.

    OUR TAKE
    Corning is not the sole company that benefited from the boom in AI technology. Foxconn, Samsung, and most corporations in the world are now gaining revenues from the tasty cake. It is instructive for corporations worldwide to reconsider their business blueprint to catch up with the trend.
    –Ashley Wang, BTW reporter

    What happened

    Corning forecasts its second-quarter sales of $3.6 billion, better than its previous prediction of $3.4 billion. After the company’s adoption of its new optical connectivity products designed to support generative AI, shares of the specialty glass maker soared by more than 6% in premarket trading and culminated in a 12% increase by market close on Monday, breaking the stock’s best trading day since March 2020.

    Corning, with its fibre optic solutions, helps companies transmit large amounts of data for training AI systems. The booming industry of generative AI, therefore, strongly encouraged investments in optical connectivity product providers like Corning. In addition to its optical connectivity success, Corning continues to be recognised for its durable Gorilla Glass, used in high-profile devices such as Apple and Samsung. The company had recently delivered coloured durable glass for the back of Apple’s iPhone 15 and iPhone 15 Plus devices.

    Also read: The working mode and benefits of a fibre network

    Also read: How Generative AI tools revolutionise content creation

    Why it’s important

    This optimistic revision underscores the significant role of Corning’s optical solutions in meeting the rising demands of hyperscale data centres, which require high-capacity optic cables to facilitate the vast data transmissions essential for AI training. Corning’s fibre optic solutions are pivotal for companies needing to handle the massive data loads involved in generative AI processes. “We’ve invented new fibres, new cables, new connectors, and new custom integrated optical solutions to dramatically reduce installation costs, overall time, space, and carbon footprint,” said Corning CEO Wendell Weeks.

    Corning will publicise its Q2 results on July 30, 2024. Its upward revision in sales expectations and the market’s response highlights the critical role of advanced optical connectivity in the evolving landscape of generative AI and data centre technology.

    AI boom Corning sales forecast
    Ashley Wang

    Ashley Wang is an intern reporter at Blue Tech Wave specialising in artificial intelligence. She graduated from Zhejiang Gongshang University. Send tips to a.wang@btw.media.

    Related Posts

    Elon Musk’s xAI considers Saudi Arabia for data centre growth

    July 18, 2025

    VodafoneThree power connectivity at Sizewell C site

    July 18, 2025

    Eni and Khazna develop UAE data centre hub

    July 18, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    CATEGORIES
    Archives
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023

    Blue Tech Wave (BTW.Media) is a future-facing tech media brand delivering sharp insights, trendspotting, and bold storytelling across digital, social, and video. We translate complexity into clarity—so you’re always ahead of the curve.

    BTW
    • About BTW
    • Contact Us
    • Join Our Team
    TERMS
    • Privacy Policy
    • Cookie Policy
    • Terms of Use
    Facebook X (Twitter) Instagram YouTube LinkedIn

    Type above and press Enter to search. Press Esc to cancel.