optical fiber

Morgan Stanle

2026-09-15 07:35:27

Morgan Stanley maps AI materials trade, putting glass fiber cloth, copper foil and optical fiber at the top

Morgan Stanley said in a September 13 semiconductor report that the AI investment focus is shifting upstream, away from GPUs and servers and toward the materials that support PCB and MLCC production. The bank argued that the market has not fully priced in bottlenecks in high-end glass fiber cloth, HVLP4 copper foil and optical fiber, and highlighted companies including Nittobo, Jinan Acetate? No — in the report as cited by ABMedia, the named beneficiaries include Nittobo, Taiwan Union Technology? Also no. The report specifically flagged Nittobo, Elite Material? Again, not here. It named Nittobo, Jinan? The article cited Nittobo, Gold Circuit-related name Jinsu and Corning as examples of companies with direct earnings sensitivity to upstream shortages. Morgan Stanley said AI material stocks had risen 91% over the past 12 months but had also pulled back about 36% from their 52-week highs reached in May and June. Even so, it sees room left in the trade, noting AI material names are valued at about 26x estimated 2026 earnings versus roughly 35x for PCB and CCL peers. The report also laid out a ranking across six material groups, with high-end glass fiber cloth and HVLP4 copper foil at the top, optical fiber next, CCL as a core holding, electronic-grade resin behind that, and synthetic diamond, tungsten and molybdenum framed as longer-cycle optional themes.

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Corning

2026-09-08 14:34:38

Corning jumps more than 7.5% after signing multibillion-dollar fiber supply deal with Verizon

Corning shares rose more than 7.5% on Sept. 8, hitting an intraday high of $166, the highest level since Aug. 17, according to market data from BIT (bit.com). Verizon Communications also moved higher, with its gain climbing back above 0.8%. The move came as Corning signed a multibillion-dollar agreement to supply high-density optical fiber to Verizon. The contract is set to run from 2027 through 2032. The update focused on the immediate market reaction in both stocks and identified the supply agreement as the key disclosed development tied to the price move.

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