The Invesco QQQ Trust (NASDAQ: QQQ | QQQ Price Prediction) is down 10.7% since February 1, and the SPDR S&P 500 ETF Trust (NYSEARCA: SPY) has shed 9.1% over the same stretch. The CBOE Volatility Index sits at 31.0, placing it in the 96th percentile of the past year’s readings. For retirement-focused investors absorbing the damage, the correction has been anything but painless.
Yet four technology stocks tied to the AI infrastructure buildout have done the opposite, each posting double-digit gains since February 1 while the broader market retreated. Analysts and our internal 24/7 model still project meaningful upside from current levels. Ranked from smallest to largest February 1 gain.
4. Corning
Corning (NYSE: GLW) has gained 19.9% since February 1, reaching $132.28. Q4 2025 results showed core operating margin of 20.2%, an expansion of 390 basis points from Q4 2023, and full-year net income of $1.60 billion, up 215.42% year-over-year. CEO Wendell Weeks upgraded the Springboard plan to target $11 billion in incremental annualized sales by end of 2028, up from the original $8 billion goal. A landmark multiyear Meta partnership valued at up to $6 billion anchors the AI data center demand story.
Our 24/7 model targets $157.30, representing 22.7% upside, and the analyst consensus target is $130.00 with 79% of analysts rated bullish. Insider activity shows net buying. The key risk is a recurring pattern of revenue misses: Corning missed consensus revenue in Q1, Q3, and Q4 of 2025, with the Q4 shortfall reaching 10.7% below estimates.
3. Marvell Technology
Marvell Technology (NASDAQ: MRVL) is up 20.3% since February 1, with shares at $94.66. Q3 FY2026 delivered revenue of $2.0745 billion, up 37% year-over-year, with data center revenue of $1.5179 billion representing 73% of total revenue. Carrier infrastructure surged 98% year-over-year. Management guided Q4 FY2026 revenue to $2.2 billion, plus or minus 5% and forecast full-year FY2026 revenue growth exceeding 40%. The acquisition of Celestial AI adds optical interconnect acceleration to the portfolio.
Our 24/7 model targets $112.42, implying 25.3% upside from current levels. The analyst consensus sits at $120.50, with 75% of analysts bullish and 33 Buy ratings against zero Sell ratings. Risks include data center revenue concentration and exposure to trade restrictions on Chinese customers.
2. Ciena
Ciena (NYSE: CIEN) has surged 41.7% since February 1, with the stock at $380.40. Q1 FY2026 results showed adjusted EPS of $1.35 versus the $1.17 consensus estimate, a beat of 15.55% on revenue of $1.427 billion, up 33.1% year-over-year. Direct cloud provider revenue jumped 76% year-over-year and represented 42% of total revenue. Adjusted operating margin expanded 560 basis points year-over-year to 17.9%. Ciena raised full-year FY2026 revenue guidance to $5.9 billion to $6.3 billion, implying approximately 28% growth at the midpoint. CEO Gary Smith attributed the momentum to “unprecedented, broad-based demand as we enable customers to monetize their AI investments.”
The 24/7 model targets $459.18, representing 25.0% upside. The analyst consensus price target is $335.94, with 59% of analysts rated bullish. Risks include customer concentration (three customers represented 47.4% of revenue in Q1), supply chain constraints, and tariff exposure.
1. Lumentum
Lumentum (NASDAQ: LITE) leads the group with a 61.1% gain since February 1, with shares at $682.24. Q2 FY2026 delivered non-GAAP EPS of $1.67, beating the $1.4085 consensus by 18.57% on revenue of $665.5 million, up 65.5% year-over-year. Non-GAAP operating margin expanded 1,730 basis points year-over-year to 25.2%, and shares hit an all-time high following the report. Q3 FY2026 guidance calls for revenue of $780 million to $830 million, implying more than 85% year-over-year growth with non-GAAP operating margin guided to 30% to 31%. CEO Michael Hurlston noted the company is “only at the starting line for two substantial opportunities: optical circuit switches (OCS) and co-packaged optics (CPO),” with the OCS backlog already exceeding $400 million and a new CPO order worth hundreds of millions deliverable in the first half of calendar 2027.
The 24/7 model targets $720.80, implying 10.3% upside from current levels. The analyst consensus is $708.57, with 82% of analysts bullish: 18 Buy ratings against zero Sell ratings. Primary risks are a significant debt load of $3.24 billion in current long-term debt, customer concentration, and trade restriction exposure.
Four Stocks, One Theme
AI infrastructure demand is creating pockets of genuine resilience even as the Nasdaq has pulled back and the VIX has surged 73.2% in one month. Corning’s margin expansion and Meta partnership, Marvell’s data center dominance, Ciena’s cloud provider surge, and Lumentum’s optical component growth all point to the same structural trend. The combination of strong recent momentum and analyst-supported upside targets reflects a structural AI infrastructure theme that has held up even as broader market uncertainty persists.
Top Gaining Stocks
Top Losing Stocks