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Analysts upgrade Qnity (QNITY) and Corning (GLW) to Buy amid AI stock rebound, while Johnson & Johnson (JNJ) lowers earnings guidance due to acquisition-related costs

The Nasdaq Composite experienced a significant rebound, rising over 2.5% due to strong performances from chipmakers and AI-related stocks, while Johnson & Johnson's lowered earnings guidance is not expected to impact its underlying business negatively.