POET Shares Plunge After Marvell Cancels All Celestial AI Orders
POET stock fell after Marvell canceled orders over confidentiality issues, but the company still sees growth in AI tech.
POET stock fell after Marvell canceled orders over confidentiality issues, but the company still sees growth in AI tech.
POET stock jumped about 25% to $12.80 after news it supplies Marvell. It has more than doubled in 9 trading days.
Wolfpack shorts POET, calling it hype-driven with low revenue, heavy dilution, PFIC tax risks, and urgent IRS filing warning.
POET Technologies shares surge toward multi-year highs after its flagship Teralight product wins a major innovation award and call option activity spikes.
POET Technologies jumps as Marvell’s acquisition of Celestial AI boosts confidence in photonics demand and validates POET’s technology and sales outlook.