Corning stock (NYSE: GLW) currently trades at $32 per share, around 32% below its level of $46 on April 25, 2021 (pre-inflation shock high), and it seems like a good investment opportunity. Corning has recently announced a 20% price hike for its display glass products, effective from Q3 of this year, and around the same time, the company expects a pickup in demand. This clubbed with fears of a potential recession and its impact on the display products and 5G-related demand, means it may take some time for GLW stock to reach its pre-inflation shock highs of over $47.