On June 2, Corning rose 5.55% in regular trading, trading at $186.495/share, with trading volume of $136 million. The rebound was primarily driven by a brokerage research report that reignited optimism around Corning's partnership prospects.

On the news front, Huaxin Securities published a report initiating coverage on BOE with a Buy rating, explicitly noting Corning's significant advantages in glass materials and semiconductor application advanced materials and solutions, stating that both parties are expected to jointly explore market opportunities through cooperation in key areas.

Corning's stock had declined over 10% cumulatively since May 27 after BOE clarified that the previously signed cooperation memorandum was only a preliminary intention, with glass-based packaging substrates, perovskite, and optical interconnect businesses still in the R&D and testing phase, unlikely to materially contribute to earnings within two to three years. BOE also denied any business cooperation with NVIDIA, deflating prior market expectations of a three-way partnership. Additionally, Corning lost an initial ruling in a U.S. Section 337 patent case to Chinese competitor Caihong, challenging its patent moat in glass substrates. The brokerage's positive stance partially alleviated bearish sentiment on commercialization prospects, while technical rebound demand following the extended selloff jointly supported the recovery.

(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.)