US Stock After-Hours Movement: Corning Rises 3.39%! 180 Million Fiber-Kilometer Shortage, Giants Sign Long-Term Contracts to Boost Confidence

US Stock After-Hours Movement

Corning rose 3.39% in after-hours trading. Based on recent key news:

1. On October 19, TrendForce predicted a supply shortage of 180 million fiber-kilometers in the global optical fiber market in 2026, leading to a significant increase in optical fiber prices. Corning signed a long-term supply agreement with Verizon to secure future optical fiber demand, driving up its stock price. Source: Zhitong Finance

2. On October 20, Corning signed a $6 billion supply agreement with Meta, further consolidating its position in the optical fiber market. This agreement covers optical fibers, cables, and connectivity products, providing stable demand assurance. Source: Woofun AI

3. On October 20, analysts showed significant divergence in their Analyst Rating for Corning. UBS and Citigroup raised their target prices to $201 and $220 respectively, indicating market optimism about its prospects. Source: Zhitong Finance. Strong demand for optical fiber continues amid tight supply.

Top Stocks by Industry Turnover

Coherent Corp. rose 4.47%. Based on recent key news:

1. On October 20, TrendForce predicted that rising demand for AI infrastructure would lead to a supply shortage in the global optical fiber market, driving up Coherent's stock price. The agency expects a significant increase in the prices of optical fiber products, affecting the stock prices of related companies.

2. On October 19, a Bernstein report pointed out that the valuation attractiveness of Coherent and Lumentum has increased, maintaining a positive outlook. The report indicated potential upside for both companies, boosting market confidence.

3. On October 18, the sell-off in AI stocks spilled over to Coherent, causing stock price volatility. Goldman Sachs data showed net selling of AI stocks by hedge funds, affecting market sentiment. Demand for AI-related optical fiber is growing, and market supply remains tight.

Amphenol rose 1.99% in after-hours trading. Based on recent key news:

1. On October 19, JPMorgan raised its growth forecast for global data center capital expenditure, expecting an annual growth rate of 85% in 2026. This will drive increased demand for network equipment, significantly benefiting Amphenol as a related concept stock.

2. On October 19, a JPMorgan report noted that the AI arms race is putting pressure on the cash flow of tech giants, with the proportion of network equipment in overall spending rising significantly. Amphenol, as a concept stock for network infrastructure, has attracted market attention.

3. On October 20, a MarketBeat report showed that although Amphenol currently has a moderate buy rating among analysts, top analysts believe there are five other stocks more worthy of investment, which may have some impact on Amphenol's stock price. Capital expenditure by tech giants is increasing, and demand for network equipment is rising.

LG Display rose 0.76% in after-hours trading. Based on recent key news:

1. On October 19, Samsung Display announced the advancement of inkjet printing OLED technology, while LG Display is also developing non-FMM technology, intensifying competition in the display industry. This move may affect LG Display's market share and technological development, leading to stock price volatility.

2. On October 19, market attention to LG Display's compliance record and corporate governance has increased, which may affect investor confidence. Regulatory actions or related warning disclosures could trigger a review of its listing status, impacting the stock price.

3. On October 20, LG Display's quarterly revenue is expected to decline by 9.8%. Analysts maintain a "Hold" rating, and the market has poor expectations for its financial performance, affecting stock price performance. Competition in the display industry is intensifying, and technological innovation is impacting the market.