$GLW

Lumentum (LITE) shares rose about 15% after fiscal Q4 2026 revenue more than doubled to $1.01B, non-GAAP EPS was $3.23, and guidance for fiscal Q1 2027 called for $1.225B to $1.275B revenue and $4.05 to $4.35 EPS. Coherent (COHR), Corning (GLW) and others gained on optics demand read-through. JPMorgan raised LITE target to $1,280; Bank of America cut to $1,000.

Investing.com reports NVIDIA is mobilizing over $500 billion in third-party capital with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to finance AI data centers. BofA says NVIDIA’s prior vendor-financing exposure was about 15% of projected 2026-27 FCF and cites $320 and $315 price targets. CoreWeave and Nebius are cited as near-term beneficiaries.

After the July jobs report showed a 23,000 job loss versus an 80,000 gain forecast, the unemployment rate stayed at 4.1% (U.S. Bureau of Labor Statistics). Investors priced in a potential Fed rate cut, lifting growth and rate-sensitive stocks. Corning rose 6.4%, Sunrun 8.4%, Coinbase 5.2%, Builders FirstSource 2.6%, and Blue Bird 2%.

Corning (GLW) shares fell about 2.7% after a Jefferies report said Apple scrapped plans for an all-glass iPhone 20th-anniversary model, citing poor production yields. The cancellation, reportedly for a September 2027 launch, raised concerns about specialty glass demand. A separate report said Herbst Group bought a $4.47M GLW stake.

Next week’s US market focus is inflation and Fed expectations, led by Wednesday July CPI, Thursday PPI, and Friday retail sales. Economists expect headline CPI near 3.4% and core near 2.5%. Deutsche Bank forecasts CPI +0.15% m/m and core +0.26%. Applied Materials, Rocket Lab, Archer Aviation, Cisco, and others report earnings, while 13F filings may show positions in Nvidia, Meta, Tesla, CoreWeave, and Corning.

Corning (GLW) shares rose 0.63% to $166.72 after Apple canceled an all-glass iPhone model, according to Investing.com. Jefferies said Apple scrapped the 20th anniversary all-glass iPhone due to poor production yield and cut its iPhone ASP growth estimate to 6.8% from 9.0%. Corning and Apple had a 2025 partnership to make cover glass in Kentucky.

Corning reported Q2 2026 sales of $4,505m and net income of $559m, with six-month sales of $8,649m and net income of $930m. It guided Q3 2026 core sales of $4.9–5.0b and core EPS of $0.85–0.89, and completed a $2.03b share repurchase program. The article links results and guidance to its Springboard and AI data center plans.

The article says AI data-center buildouts are driving demand for optical networking hardware, benefiting Lumentum, Ciena, and Corning. It cites Lumentum fiscal Q2 revenue of $665.5 million (+65.5% YoY) and a co-packaged optics order for H1 2027. Ciena raised FY2026 revenue guidance to $6.3 billion. It also notes FCC rule risk on Chinese transceivers.

AI and semiconductor stocks rebounded this week after a weak July jobs report eased expectations for Fed rate hikes, with markets pricing a 55% chance of no change in September, up from 45% Thursday (CME FedWatch). The Nasdaq rose 5.2% and the S&P 500 3.6%, both hitting record closes. The article highlights Nvidia, AMD, Micron, Corning, Intel and mentions SOXX up 7.6% (weekly).

Corning (GLW) shares rose on proposed US solar tariffs and related supply-chain impacts. The article cites its partner Shin-Etsu and joint venture HSC, including a $375 million Michigan finishing facility and up to $325 million CHIPS Act support. Corning Q2 revenue rose 17% to $4.74B, EPS $0.78 beat $0.76, and Q3 guidance is $4.9B-$5.0B revenue and $0.85-$0.89 EPS. Analysts’ mean target is $185.14.