On July 28, Corning's U.S. stocks fell over 15% in pre-market trading. The company's Q2 core sales were $4.74 billion, up 17% year-over-year; core earnings per share were $0.78, up 30% year-over-year.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
Corning pre-market drops over 15%
-
Wechat scan to share
Recommended for you
-
US President Trump: Now is a Good Time for Iran to Reach a Deal
On July 28, US President Trump said that now is a good time for Iran to reach a deal; he hopes to avoid attacking Iran's bridges and power plants. Iran needs to formally declare that it does not possess nuclear weapons. -
Bank of America: July Fed Rate Hike Would Be Unprecedented
On July 28, although the market expects a small possibility that the Fed will raise rates in July, Bank of America still expects the Fed to keep rates unchanged. The bank said that if the Fed raises rates in July, it would be unprecedented: since 1994, the Fed has never raised rates when the market probability of a rate hike was below 60%. Bank of America believes that higher oil prices are the main inflation risk and remains bullish on the dollar. (Jin10) -
Nasdaq Futures Fall 0.72%
On July 28, U.S. stock index futures showed divergent trends, with Dow futures rising 0.8%, S&P 500 futures rising 0.07%, and Nasdaq 100 futures falling 0.72%. -
ChangXin Memory Technologies to Disrupt Global Storage Monopoly, Foreign Media Say
On July 28, the Korea Composite Stock Price Index (KOSPI) plunged 10.84% to 6,023.63 points. Samsung Electronics closed down 13.39%, its biggest single-day drop in 18 years, while SK Hynix closed down 14.65%, nearly halving from its June high. Multiple South Korean media outlets interpreted this sharp stock market decline as the impact of the listing of China's largest semiconductor company, ChangXin Memory Technologies (CXMT). Market concerns have spread that CXMT will use the funds raised from its stock market listing to catch up with semiconductor companies such as Samsung Electronics and SK Hynix, leading to a dent in investor sentiment. According to earlier reports from CNBC, Peter Alexander, an analyst at Z-Ben Advisors, believes that following the development path of the steel and new energy vehicle industries, CXMT will quickly capture market share in the low-end memory chip segment and ultimately shake the monopoly of Samsung Electronics, SK Hynix, and Micron Technology in the global storage industry. -
US Dollar Index (DXY) Rises to One-Month High, Reports 101.640
The US Dollar Index (DXY) once rose to a one-month high, reported at 101.640. -
IIR Report: Saudi Aramco Shuts Down 400,000 bpd Jizan Refinery
On July 28, market research and intelligence firm IIR reported that Saudi Aramco has shut down its 400,000 barrels per day (bpd) Jizan refinery following an attack on July 25. Saudi Aramco expects to complete repairs and restart the refinery by August 15. -
ChangXin Memory Technologies to Be Included in MSCI China All Shares Index, Effective August 10
On July 28, MSCI announced that ChangXin Memory Technologies will be included in the MSCI China All Shares Index due to its IPO listing, effective August 10. -
Meta and BlackRock Partner to Build $14 Billion Data Center
On July 28, Meta Platforms (META.US) and BlackRock announced a joint investment and ownership of a data center campus in El Paso, Texas, currently under construction, with a computing capacity of 1 gigawatt. Meta will provide construction management, administrative management, and property management services for the campus, and will become its first and sole user upon completion. The transaction is expected to close in the coming days, and the project is scheduled to begin operations in 2028. The El Paso data center is part of Meta's over $10 billion investment, and upon completion, it will support over 4,000 construction jobs during peak periods and 300 operational roles. Currently, more than 2,300 workers are on site. Funds managed by BlackRock will hold an 80% stake in the joint venture, while Meta will retain the remaining 20%. Both parties have committed to jointly fund, in proportion to their stakes, approximately $14 billion in development costs for the campus buildings and long-term power, cooling, and communication infrastructure. -
Analyst: Netanyahu Likely to Pressure Trump Again During Meeting
Alex Vatanka, a senior fellow at the Middle East Institute in Washington D.C., said that when Netanyahu meets Trump at the White House on Tuesday, he will likely try to once again push for regime change in Iran. However, Trump will not buy it because he does not want to do so. Domestically in the U.S., this war is extremely unpopular politically, so what Netanyahu can gain from this meeting remains to be seen. Previous meetings between Trump and Netanyahu in Washington have often been followed by an escalation of tensions with Iran, and it remains to be seen whether this pattern will continue. Israel is still dissatisfied with the memorandum of understanding reached between the Trump administration and Iran because their perception of the Iranian threat differs from that of the U.S. Israeli officials will want Netanyahu to continue pressuring Trump on Iran's ballistic missile and nuclear programs. The Trump administration's response may be: unless the U.S. decides to send troops to occupy Iran, the military actions the U.S. military can take are limited. And the idea of occupying Iran is something no one takes seriously. (Jin Shi) -
US Optical Communication Stocks Continue Pre-Market Decline, Marvell and Corning Down Over 3%
On July 28, continuing yesterday's decline, US optical communication concept stocks continued to fall collectively in pre-market trading today. Among them, AXT Inc, Astera Labs, Viavi Solutions fell over 4%, Applied Optoelectronics, Coherent, Marvell Technology, Corning, MaxLinear, Tower Semiconductor, GlobalFoundries, Credo Technology fell over 3%, Lumentum fell nearly 3%.
Daily Must-Read
-
KeyFlow: Connecting UniKey, AI Agents, and the KEY Value System, Turning Intelligent Services from “Being Called” into “Sustainable Flow”
-
The AI Universe Gateway Is About to Open: KeyFlow Official DApp to Launch Global Public Beta and Genesis Registration on July 29
-
The Invisible Bill: Unpacking the Token Amplification Effect
-
ENI Takes the Stage at WebX Japan and Builds a Bridge from Traditional Capital to the Future Economy
-
GWDC 2026 KOREA: The New Asian Paradigm of Web3 & AI Sets to Debut in Seoul on Sept 29-30, Inviting Global Builders to the Ultimate Developer Summit
-
From User Journey to Consumption Loop: Understanding UniKey’s Product Logic and the Three Core Use Cases of KEY
All Comments