$GLW

Corning (GLW) shares rose about 4.4% after a late-July post-earnings selloff. The article attributes the rebound to renewed investor focus on Corning’s AI optical networking and longer-term data center demand, citing its Q2 2026 Optical Communications strength and a multiyear Meta agreement that could reach $6 billion. It also notes constructive analyst targets (median $215).

Optics-related shares rose midday without a same-day press release. Corning (GLW) was up about 4.5%, Lumentum (LITE) up about 5%, Applied Optoelectronics (AAOI) up about 5%, and Coherent (COHR) up about 1.3%. The move followed recent earnings: Lumentum Q4 revenue $1.01B and Q1 FY27 guidance $1.225B-$1.275B; Coherent Q4 revenue $2.05B; AAOI cited demand outpacing capacity through mid-2027. Broadcom (AVGO) fell about 4.7% amid financing-risk commentary.

This week’s notable movers included EnerSys (ENS), up 5.7% after reporting Q1 fiscal 2027 results with strong earnings growth and an outlook above Wall Street expectations. Sabre (SABR) gained 6.3% after strong Q2 2026 results, raised full-year profitability guidance, and new client wins. Corning (GLW) fell 2.7% on reports Apple scrapped an all-glass iPhone. HighPeak Energy (HPK) rose 5.4% after Q2 2026 results beat expectations.

Nvidia (NVDA) signed an MOU with Apollo (APO), BlackRock (BLK), Blackstone (BX), and Brookfield (BAM) to pursue $500B in financing for AI infrastructure, backed by assets. NVDA shares fell 2.86%. Marathon Petroleum (MPC) rose 7.42% to $320.32 on Strait of Hormuz shipping risk. Coherent (COHR) dropped 14.24% ahead of earnings; Lumentum (LITE), Ciena (CIEN), and Corning (GLW) also fell.

CoreWeave said on an earnings call and CNBC that older Nvidia GPUs may have longer useful lives than expected, citing longer contracts and higher prices. It referenced an A100 contract extending into 2029. CoreWeave reported revenue above expectations, narrower losses, and raised its outlook. Shares of NVDA and data-center peers rose on the news.

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.