US Stock After-Hours Volatility: Corning Drops 3.22%; Meta's $6 Billion Order Fails to Mask Profitability Divergence

US Stock After-Hours Volatility

Corning fell 3.22% in after-hours trading. Based on recent key news:

1. On October 19, TrendForce predicted that rising demand from AI data centers would lead to tight supply in the fiber optic market. Corning signed a long-term supply agreement with Verizon to secure fiber optic resources, driving stock price volatility. Source: Zhitong Finance

2. On October 20, Corning signed a $6 billion supply agreement with Meta, causing fiber optic prices to surge to more than five times their 2024 levels. This has led to divergent views in the market regarding Corning's profitability. Source: Woofun AI

3. On October 20, analysts showed divergent ratings for Corning. UBS maintained a Buy rating, Citigroup provided a higher target price, while Bernstein remained cautious. Source: Zhitong Finance. Strong fiber optic demand, tight supply, and rising prices.

Top Stocks by Industry Turnover

Coherent Corp. fell 4.18% in after-hours trading. Based on recent key news:

1. On October 20, TrendForce predicted that rising demand for AI infrastructure would lead to a global shortage in the fiber optic market, affecting fiber-related stocks such as Coherent. Fiber optic product prices are expected to reach 2.8 to over 5 times their 2025 levels by 2026, driving stock price volatility. Source: Zhitong Finance

2. On October 19, a Bernstein report pointed out that the pullback in Coherent's stock price had increased its valuation attractiveness. Although short-term financial reports may not eliminate market concerns, solid performance and positive demand signals help restore investor confidence. Source: Jinse Finance

3. On October 19, JPMorgan raised its growth forecast for global data center capital expenditure, emphasizing the increasing proportion of network equipment in spending, which affects related stocks such as Coherent. Source: JPMorgan Report. AI demand drives tension in the fiber optic market; watch for risks.

LG Display rose 1.52% in after-hours trading. Based on recent news,

1. On October 19, Samsung Display announced it would enter the race for RGB OLED technology without fine metal masks (FMM), focusing on inkjet printing technology. LG Display also revealed its development of another non-FMM technology called Flip, indicating that competition in the entire non-FMM technology sector is expected to intensify further. This news drove up LG Display's stock price.

2. On October 22, LG Display reported third-quarter sales of KRW 6.28 trillion, below the market expectation of KRW 6.71 trillion; third-quarter operating profit was KRW 250.57 billion, lower than the market expectation of KRW 352.76 billion. Despite missing expectations, the market remains optimistic about its future development, leading to a rebound in its stock price.

3. On October 22, LG Display's third-quarter net income was KRW 75.56 billion, a year-on-year increase of 60,496.2%. Although operating profit declined year-on-year, the significant growth in net income boosted investor confidence, driving the stock price higher. Intensifying competition in the display industry and emerging macroeconomic pressures.

Amphenol fell 1.77% in after-hours trading. Based on recent key news:

1. On October 19, JPMorgan raised its forecast for global data center capital expenditure, emphasizing the increasing share of network equipment in overall spending. As a related concept stock, Amphenol attracted attention. The JPMorgan report noted that the annual growth rate of data center Capex for 2026 was revised upward to +85%, with an increase in amount exceeding $270 billion. Network infrastructure stocks such as Amphenol are viewed favorably.

2. On October 20, MarketBeat did not include Amphenol in its list of five stocks recommended by top analysts, despite its "Moderate Buy" rating, which may affect investor confidence. MarketBeat pointed out that top analysts believe there are five stocks more worthy of investment than Amphenol.

3. On October 19, the annual capital expenditure of tech giants grew significantly, surpassing the total investment of traditional energy giants. As a network equipment supplier, Amphenol may benefit from this trend. The JPMorgan report emphasized the critical role of network equipment in high-end computing efficiency, listing Amphenol as one of the favored targets. Significant growth in tech giants' capital expenditure and increased demand for network equipment.