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We're trimming 2 stocks — a surging AI winner and one that's left plenty to be desired
We are selling 50 shares of Corning at roughly $200.76 and 275 shares of Wells Fargo at roughly $78.82. Following the trades, Jim Cramer's Charitable Trust will own 550 shares of GLW, decreasing its weighting in the portfolio to 2.75% from 3%. It will also own 1,400 shares of WFC, decreasing its weighting to 2.75% from 3.25%.
Corning strikes another multibillion-dollar AI deal. What the new Amazon pact means for the stock
Corning stock surged Monday after the company inked a major data center deal with Amazon — the latest in a string of high-profile wins for the Club holding. Amazon said it will pay Corning billions of dollars for optical fiber in the coming years to support its growing data center footprint. The investment will allow Corning to expand production and create 1,000 new jobs at its North Carolina manufacturing facilities.