US EditionWhat's Going On With POET Technologies Stock Friday? - POET Technologies (NASDAQ:POET)
Short interest rose to 13.14 million shares as the stock jumped 28.8% and investors reacted to confirmation of an order tied to Marvell.
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POET Technologies Stock Rockets 31% on AI Optics Momentum and Strategic Funding Wins
TORONTO — POET Technologies Inc. shares surged more than 30% in midday trading Friday, climbing to around $15.33 as investors piled into the photonics innovator amid accelerating AI-driven demand for its optical interconnect technology and positive updates on financing and strategic positioning.
POET Stock Is Flying Again: The Marvell Link, AI Optics Buzz and Tax Fight Behind the Rally
POET Technologies shares rose 27% to $14.93 in late-morning trading Friday after CFO Thomas Mika said the company received a purchase order linked to Marvell Technology. Marvell has not confirmed the order. POET reported $341,202 in Q4 revenue and a $42.7 million net loss, as it shifts from development to production. The rally follows news of Marvell’s acquisition of Celestial AI and reported Google talks. The post POET Stock Is Flying Again: Th…
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