CNBC Investing Club: Cramer’s Morning Take on Corning 5/6/26

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This episode is brought to you by Schwab Market Update, an original podcast from Charles Schwab. Join host Keith Lansford for this information packed daily market preview delivered in 10 minutes or less, including projected stock updates, monetary policy decisions and key results in statistics that may impact your trading. Download the latest episode and subscribe at schwab.com/marketupdatepodcast, or find Schwab Market Update wherever you get your podcasts.

Jim Cramer (1:01)

Jim Cramer here to share a short preview of my take on the market from today's members-only CNBC Investing Club morning meeting. Join the club for full access to the morning meeting every day at 10 20 a.m. Visit cnbc.com/morningtake to sign up today. That's one word, morning take.

This morning is this very big deal with Corning and NVIDIA. It does matter.

Jeff Marks (1:27)

Yeah, it's a great multi-year commercial and technology partnership. It's going to dramatically expand US-based manufacturing for advanced optical connectivity solutions to power next-generation gen AI infrastructure. Corning is going to increase its optical connectivity manufacturing capacity by 10x.

Jim Cramer (1:48)

10x.

Jeff Marks (1:49)

And expand US fiber production capacity by more than 50% to meet the accelerating demand for AI factory buildouts.

NVIDIA invested 500 million in Corning. They also get warrants to buy up to 15 million shares at a strike of 180 Little surprise to see the stock trading below that.

Jim Cramer (2:08)

It's not like they're offering this stuff.

Jeff Marks (2:09)

Yeah. Investor Day is also going on for Corning. We'll have more on that today, tomorrow.

Jim Cramer (2:19)

I bumped into Corning, so to speak. I spent a lot of time in one of the weeks.

The CEO, well, I'm standing CEO, by the way. When I was down in Harrodsburg, Kentucky looking at their Gorilla Glass plant.

Jeff Marks (2:31)

Which is for Apple.

Jim Cramer (2:32)

Right. He was saying, listen, Jim, study our fiber. That's where the action is. I said, well, I don't know. I know there's copper and I understand that you're going to replace it. He said, we may rip out every bit of cop, because the signal can't go too far.

If you're going to be 10X, that basically says we're going to take copper and get rid of it.

Jeff Marks (2:54)

Just some notes from the Investor Day. They corning raised its 2028 springboard plan and extended it to 2030 Some big growth numbers there, which I'd argue just extends visibility that this is going to be a strong double-digit growth story through the decade, supportive of the stock's high PE multiple.

Jim Cramer (3:18)

By the way, we don't know what's being said at the conference, at their meeting, but we do know, I want people to be clear.

Jeff Marks (3:24)

So the stock was at 190 at one point this morning.

Jim Cramer (3:27)

The stock has been up and up and up. A lot of the ones that were up really big are taking a little bit of breather today.

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All opinions expressed by Jim Cramer on this podcast and in connection with the CNBC Investing Club are solely Cramer's opinions and do not reflect the opinions of CNBC or its parent company or affiliates and may have been previously disseminated by Cramer on television, radio, internet or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Cramer. The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment or strategy. To view the full CNBC Investing Club disclaimer, please visit cnbc.com/investingclubdisclaimer.

SPEAKER_3 (4:08)

This episode is brought to you by Schwab Market Update, an original podcast from Charles Schwab. Join host Keith Lansford for this information packed daily market preview delivered in 10 minutes or less, including projected stock updates, monetary policy decisions and key results and statistics that may impact your trading. Download the latest episode and subscribe at schwab.com/marketupdatepodcast or find Schwab Market Update wherever you get your podcasts.