Cramer’s Morning Take: Corning 1/27/26

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Jim Cramer (0:51)

I'm Jim Cramer and you're about to hear a sample taken directly from today's CNBC Investing Club morning meeting.

Jeff Marks (0:58)

Let's talk about Corning next because I think there was a big validation of our thesis today. This was news. CNBC exclusive Metta is paying Corning $6 billion through 2030 for fiber optic cable and AI data centers. Corning, they're also going to expand a facility in North Carolina to accommodate growing demand from Metta and other big spenders like NVIDIA, OpenAI, Google, Amazon, Microsoft, the big hyperscalers. When complete, this is going to be the largest fiber optic cable plant in the world. Company reports tomorrow, stocks up huge, 15%. It's the biggest gainer in the S&P 500 today. But yeah, it's exactly what we've been waiting for, these deals because copper is too expensive, it runs hot.

Jim Cramer (1:42)

And I don't think people realize that if you go into a data center like I have, it's just filled with copper. There's copper within the chips, that's still going to be there. But there's copper that connects the different ones. So there'll be, let me just be a little. So you have these racks, server racks, and they're connected, and this is all copper. All of these connections are copper. And they are going to be pulled out, and fiber will come in. Copper's really expensive, fiber's very cheap. Fiber burns much cooler than copper. So if it's good for meta, it will be good for every hyperscaler. Don't sell the stock, except the fact that, like I was saying with Starbucks yesterday, when it goes up like this, that's paramog. They tend to go down a little bit. But understand that we were in this thing not for $109, but for $200.

Jeff Marks (2:36)

Yes, we'll be updating our price target tomorrow when they report.

Jim Cramer (2:42)

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