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Corning forecast second-quarter core sales above Wall Street expectations on Tuesday, aided by strong demand for its optical connectivity products used in AI-related infrastructure. Shares of the company, which also makes Gorilla Glass, rose more than 1% in premarket trading.
Corning’s cables and connectors are benefiting from businesses pouring money into new data center projects, which require equipment that can rapidly process data to train artificial intelligence models.
“In optical communications, sales in our enterprise business were up 106%…
