On July 2, Corning declined 3.15% overnight, trading at approximately 213.69 USD/share, extending the prior session's selloff. On the news front, reports emerged that Meta is planning to sell surplus AI computing power resources, sparking market concerns that AI computing demand may have peaked and triggering a broad selloff across the AI hardware supply chain.

The negative sentiment spread across storage chips and optical communications stocks, with Micron Technology falling 3% and SanDisk dropping 2.5%. Corning, as a leading optical communications supplier, bore significant selling pressure. Additionally, Corning had previously rallied sharply following its GlassBridge glass-based optical interconnect technology launch and FTSE Russell index inclusion, accumulating substantial gains. End-of-half-year institutional fund rebalancing and concentrated profit-taking from earlier gains amplified the correction.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)