Key Highlights
- POET shares have climbed approximately 40% across two trading sessions, adding an extra 7% during overnight hours before Wednesday’s open.
- CFO Thomas Mika publicly confirmed a purchase order connected to Marvell Technology — marking the first official acknowledgment of this business relationship.
- The Marvell connection stems from Celestial AI, a company Marvell purchased this year; POET has maintained a supplier and joint development agreement with Celestial AI dating back to 2022.
- Additional purchase orders from manufacturing partners Foxconn and Luxshare are expected.
- Shares reached a 52-week peak of $9.48, delivering a 130.6% annual return alongside 2,495% revenue growth.
POET Technologies has experienced remarkable volatility recently. Shares have exploded nearly 40% during the last two trading days, with an additional 7% gain recorded in pre-market activity Wednesday morning.
What drove this movement? An interview with the company’s CFO provided investors with tangible details to digest.
Mika additionally noted that POET anticipates receiving fresh purchase orders from Foxconn and Luxshare, both existing manufacturing collaborators.
The Marvell relationship traces back to Celestial AI, a firm Marvell brought under its umbrella earlier in the year. POET and Celestial AI have maintained a supplier and collaborative development relationship since 2022, with POET delivering critical optical components that enable Celestial AI’s photonic chip technology.
Marvell has attracted considerable market attention recently. News of a substantial Google contract combined with a $2 billion investment and strategic alliance with Nvidia have thrust the semiconductor company into the limelight — and this heightened visibility has benefited POET.
Stock Performance and Revenue Explosion
Even before this recent surge, POET had demonstrated impressive momentum. The stock touched a 52-week high of $9.48, generating a total return of 130.6% over the trailing twelve months.
Revenue exploded by 2,495% during the past year. The company’s market capitalization now stands at $1.31 billion.
However, profitability remains elusive. POET recorded a loss of $0.68 per share, and InvestingPro analysts have suggested the stock may be trading above its fundamental fair value.
Skeptics and Dilution Issues
The bullish narrative faces opposition. Wolfpack Research, which maintains a short position in POET, has labeled it “an obvious stock promotion,” pointing to numerous strategic pivots throughout the past ten years.
Earlier this year, POET secured $150 million via a registered direct offering, issuing 20,689,656 common shares to institutional buyers. The offering concluded around January 23, 2026, and represented dilution for current shareholders.
Regarding strategic partnerships, POET has also joined forces with Lessengers to create a 1.6T 2×DR4 optical transceiver module designed for AI infrastructure and hyperscale data center environments, and partnered with LITEON Technology to jointly develop optical communication modules targeting AI networks and data center applications.
POET shares climbed 7% in pre-market trading Wednesday morning, extending the winning streak to three consecutive sessions.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
