POET Technologies Shares Surge Over 20% Amid Manufacturing Updates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy POET?
Source: stocktwits
- Significant Stock Surge: POET Technologies saw its shares rise over 20% in morning trading on Tuesday, extending an 18% gain from the previous session, and if this trend continues until market close, it will mark the largest single-day gain since December, reflecting strong market confidence in its future growth.
- Order Confirmation and Manufacturing Feedback: CFO Thomas Mika confirmed that the company has secured orders from Marvell Technology and intends to ship products as soon as next quarter, although it is still awaiting feedback from key manufacturing partners Foxconn and Luxshare, which could impact production timelines.
- Technological Collaboration and Market Demand: POET is collaborating with Foxconn and Luxshare to develop 800G and higher-speed optical engines aimed at hyperscale data centers, where the rapid growth of this market presents significant opportunities for the application of POET's technology.
- Retail Sentiment Shift: According to Stocktwits, retail sentiment around POET has shifted from 'bullish' to 'extremely bullish', with message volume significantly increasing, indicating growing investor confidence in the company's future prospects, which may attract more investor attention to the stock.
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Analyst Views on POET
About POET
POET Technologies Inc. is a design and development company. It offers high-speed optical engines, light source products and custom optical modules to the artificial intelligence (AI) systems market and to hyperscale data centers. Its photonic integration solutions are based on the POET Optical Interposer, a novel, patented platform that allows the integration of electronic and photonic devices into a single chip using wafer-level semiconductor manufacturing techniques. Its Optical Interposer-based products consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition, it has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems. Its Optical Interposer platform solves device integration challenges across a range of communication, computing and sensing applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
POET Technologies Shares Surge 28% to New 52-Week High Amid Marvell Connection
- Stock Surge: POET Technologies' shares surged nearly 28% in premarket trading on Wednesday, following a more than 19% increase in the previous session, reaching a new 52-week high, indicating strong market confidence in the company's growth potential.
- Order Confirmation: CFO Thomas Mika confirmed in an interview with Stocktwits that POET has received a purchase order linked to Marvell Technology and is awaiting additional orders from manufacturing partners, including Foxconn and Luxshare Precision, highlighting rising demand for optical technologies.
- Deepening Partnerships: Mika noted that POET has maintained a supplier and co-development partnership with Celestial AI since February 2022, and Marvell's acquisition of Celestial AI this year further solidifies their collaboration, which is expected to drive future order growth.
- Manufacturing Capacity Enhancement: Mika emphasized that the previously disclosed $5 million purchase order for Optical Engines will help bolster the company's manufacturing efforts, with expectations that this year's orders will far exceed that amount, reflecting a rapid increase in demand for optical technologies, particularly in addressing data center bottlenecks related to AI workloads.
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- Rising Short Interest: According to Koyfin data, short interest in POET has climbed from 6.1% at the beginning of February to 8.6%, nearing record highs, indicating increasing investor divergence regarding future price movements.
- Retail Sentiment Shift: While retail sentiment for POET surged into the 'extremely bullish' zone early Thursday with message volume increasing nearly 300% over the past week, some investors expressed skepticism about the sustainability of the rally, citing rapid price increases.
- Order Dynamics: Following the disclosure of a business relationship with Marvell Technologies, POET's stock skyrocketed 75% in three days, yet market reactions to potential orders from Foxconn and Luxshare remain mixed, with the CFO indicating they are still awaiting further updates.
See More
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- Strong Stock Performance: Marvell's shares rose nearly 4% in regular trading and continued to gain in after-hours trading, with an approximately 85% increase year-to-date, reflecting strong investor confidence in its future growth prospects.
- Broad Customer Base: Marvell has established partnerships with all major hyperscalers and is in talks with Google to develop custom chips, including Tensor Processing Units (TPUs), which will further enhance its competitive edge in the market.
- Optimistic Retail Sentiment: On Stocktwits, retail sentiment for MRVL remains ‘extremely bullish,’ with message volume increasing by 83% over the past week, although some traders express caution, suggesting that the current growth may be driven by fear of missing out (FOMO).
See More
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- Stock Surge: Poet Technologies' stock surged 23.68% on Wednesday, reaching $12.68 by 2 p.m. ET, reflecting strong investor confidence in the company's latest order guidance and future growth potential.
- Positive Market Reaction: The broader market saw the S&P 500 rise 0.8% and the Nasdaq Composite increase by 1.4% following news of the U.S. and Iran extending their ceasefire agreement, indicating a bullish sentiment particularly benefiting growth-dependent tech stocks.
- Order Update Boost: Poet's CTO confirmed the receipt of an order from Celestial AI, recently acquired by Marvell, suggesting that Poet's technology is being integrated into Marvell's tech ecosystem, which could enhance future collaboration prospects.
- Potential Partnership Gains: With the expanding partnership between Marvell and Nvidia, Poet stands to gain significantly within Nvidia's tech product stack, bolstering its market position and providing strong support for future revenue growth.
See More
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- Significant Stock Surge: POET Technologies shares surged over 20% on Wednesday, reaching nearly $12.95, marking the highest level since July 2015, indicating strong market optimism about its future performance.
- Investor Sentiment High: According to Stocktwits, retail sentiment around POET trended in 'extremely bullish' territory over the past day, with message volume at 'extremely high' levels, reflecting strong investor confidence in the company's prospects.
- Short Seller Warnings: Despite the stock's rise, Wolfpack Research cautioned that the market will render its verdict on POET's performance in a year, highlighting management's inadequate handling of the PFIC issue, which could undermine investor confidence.
- Remarkable Annual Performance: POET's stock has gained nearly 90% this year and has more than quadrupled in value over the past 12 months, showcasing the company's strong market performance and sustained investor interest.
See More
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- Stock Surge: POET Technologies' shares surged nearly 28% in premarket trading on Wednesday, following a more than 19% increase in the previous session, reaching a new 52-week high, indicating strong market confidence in the company's growth potential.
- Order Confirmation: CFO Thomas Mika confirmed in an interview with Stocktwits that POET has received a purchase order linked to Marvell Technology and is awaiting additional orders from manufacturing partners, including Foxconn and Luxshare Precision, highlighting rising demand for optical technologies.
- Deepening Partnerships: Mika noted that POET has maintained a supplier and co-development partnership with Celestial AI since February 2022, and Marvell's acquisition of Celestial AI this year further solidifies their collaboration, which is expected to drive future order growth.
- Manufacturing Capacity Enhancement: Mika emphasized that the previously disclosed $5 million purchase order for Optical Engines will help bolster the company's manufacturing efforts, with expectations that this year's orders will far exceed that amount, reflecting a rapid increase in demand for optical technologies, particularly in addressing data center bottlenecks related to AI workloads.
See More
POET Stock Drops 5% Amid Short Interest Surge and Bullish Sentiment
- Stock Fluctuation: POET shares fell 5% in Thursday's premarket session, snapping a dream rally fueled by optimism around its photonic chips and a strong order pipeline, raising concerns about the sustainability of its recent gains.
- Rising Short Interest: According to Koyfin data, short interest in POET has climbed from 6.1% at the beginning of February to 8.6%, nearing record highs, indicating increasing investor divergence regarding future price movements.
- Retail Sentiment Shift: While retail sentiment for POET surged into the 'extremely bullish' zone early Thursday with message volume increasing nearly 300% over the past week, some investors expressed skepticism about the sustainability of the rally, citing rapid price increases.
- Order Dynamics: Following the disclosure of a business relationship with Marvell Technologies, POET's stock skyrocketed 75% in three days, yet market reactions to potential orders from Foxconn and Luxshare remain mixed, with the CFO indicating they are still awaiting further updates.
See More
POET, Navitas, and SanDisk Stocks Surge Amid AI Infrastructure Focus
- POET Order Confirmation: POET Technologies' CFO confirmed a commercial purchase order linked to Marvell in a Stocktwits interview, leading to a stock surge of over 24%, which bolstered market confidence in its optical interposer technology and is expected to attract more hyperscale cloud customers.
- Navitas Power Efficiency: Navitas Semiconductor's stock rose over 20% due to momentum from its gallium nitride and silicon carbide technologies, with its 800-volt power systems designed for high-density AI data centers addressing critical energy consumption and heat management challenges.
- SanDisk Nasdaq-100 Performance: Following its separation from Western Digital, SanDisk's stock climbed over 8% after being included in the Nasdaq-100, solidifying its position as a key supplier in the AI-driven memory market, particularly in 3D NAND flash technology.
- Investor Enthusiasm Shift: Stocks of POET, Navitas, and SanDisk reached fresh 52-week highs, reflecting a shift in investor focus towards AI infrastructure, with POET and Navitas seeing increases of over 24% and 20% respectively, indicating strong market demand for related technologies.
See More
Marvell Acquires Polariton to Enhance Photonic Solutions
- Acquisition of Polariton: Marvell announced the acquisition of Polariton Technologies for an undisclosed amount, aimed at enhancing its photonic solutions portfolio and solidifying its market position in AI and cloud data center infrastructure.
- Strong Stock Performance: Marvell's shares rose nearly 4% in regular trading and continued to gain in after-hours trading, with an approximately 85% increase year-to-date, reflecting strong investor confidence in its future growth prospects.
- Broad Customer Base: Marvell has established partnerships with all major hyperscalers and is in talks with Google to develop custom chips, including Tensor Processing Units (TPUs), which will further enhance its competitive edge in the market.
- Optimistic Retail Sentiment: On Stocktwits, retail sentiment for MRVL remains ‘extremely bullish,’ with message volume increasing by 83% over the past week, although some traders express caution, suggesting that the current growth may be driven by fear of missing out (FOMO).
See More
Poet Technologies Stock Surges 23.68% Amid Market Optimism
- Stock Surge: Poet Technologies' stock surged 23.68% on Wednesday, reaching $12.68 by 2 p.m. ET, reflecting strong investor confidence in the company's latest order guidance and future growth potential.
- Positive Market Reaction: The broader market saw the S&P 500 rise 0.8% and the Nasdaq Composite increase by 1.4% following news of the U.S. and Iran extending their ceasefire agreement, indicating a bullish sentiment particularly benefiting growth-dependent tech stocks.
- Order Update Boost: Poet's CTO confirmed the receipt of an order from Celestial AI, recently acquired by Marvell, suggesting that Poet's technology is being integrated into Marvell's tech ecosystem, which could enhance future collaboration prospects.
- Potential Partnership Gains: With the expanding partnership between Marvell and Nvidia, Poet stands to gain significantly within Nvidia's tech product stack, bolstering its market position and providing strong support for future revenue growth.
See More
POET Technologies Stock Hits 11-Year High Amid Short Seller Debate
- Significant Stock Surge: POET Technologies shares surged over 20% on Wednesday, reaching nearly $12.95, marking the highest level since July 2015, indicating strong market optimism about its future performance.
- Investor Sentiment High: According to Stocktwits, retail sentiment around POET trended in 'extremely bullish' territory over the past day, with message volume at 'extremely high' levels, reflecting strong investor confidence in the company's prospects.
- Short Seller Warnings: Despite the stock's rise, Wolfpack Research cautioned that the market will render its verdict on POET's performance in a year, highlighting management's inadequate handling of the PFIC issue, which could undermine investor confidence.
- Remarkable Annual Performance: POET's stock has gained nearly 90% this year and has more than quadrupled in value over the past 12 months, showcasing the company's strong market performance and sustained investor interest.
See More
