Why Is Corning (GLW) Stock Price Down 5.14% Today, July 22? AI Spending Concerns Trigger De-Risking

Corning shares fell 5.14% amid de-risking in AI-linked infrastructure names as investors awaited major tech earnings to validate AI capex returns. No company-specific negative catalyst was identified, implying a positioning unwind and broader valuation reset across the optical/connectivity complex. Near-term focus shifts to hyperscaler spending commentary and upcoming earnings, with weak technical momentum reinforcing cautious sentiment toward AI connectivity beneficiaries.