Key Takeaways
- POET shares have climbed approximately 40% across two trading sessions, with an additional 7% gain registered in pre-market activity before Wednesday’s open.
- CFO Thomas Mika publicly acknowledged a purchase order associated with Marvell Technology for the first time in company history.
- The Marvell relationship stems from Celestial AI, which Marvell purchased this year; POET established a supply and joint development agreement with Celestial AI in 2022.
- Additional purchase orders from manufacturing partners Foxconn and Luxshare remain in the pipeline.
- Shares reached a 52-week peak of $9.48, delivering 130.6% returns year-over-year alongside revenue growth of 2,495%.
POET Technologies has experienced remarkable volatility in recent trading sessions. Share prices have jumped approximately 40% over the past two days, followed by another 7% increase during overnight trading before Wednesday’s market open.
What triggered this movement? An interview with the company’s CFO provided investors with tangible information to evaluate.
Mika additionally disclosed that POET was anticipating responses regarding fresh orders from Foxconn and Luxshare, both established manufacturing clients.
The Marvell linkage traces back to Celestial AI, a company Marvell brought into its portfolio this year. POET and Celestial AI established a supply and collaborative development relationship in 2022, with POET delivering critical optical components that enable Celestial AI’s photonic chip technology.
Marvell has captured significant market attention recently. News regarding a substantial Google contract and a $2 billion investment alongside partnership with Nvidia have positioned the company prominently in investor discussions — and this heightened interest has benefited POET as well.
Peak Performance and Revenue Explosion
Prior to this recent rally, POET was already demonstrating solid momentum. Shares touched a 52-week pinnacle of $9.48, generating a total return of 130.6% over the trailing twelve months.
Revenue exploded by 2,495% during the same period. The company’s current market capitalization stands at $1.31 billion.
However, profitability remains elusive. The company recorded a per-share loss of $0.68, and InvestingPro analysts have suggested the stock may be trading above its intrinsic value.
Skepticism and Share Dilution Issues
Skeptics remain unconvinced. Short seller Wolfpack Research maintains a short position against POET and has characterized it as “an obvious stock promotion,” pointing to numerous business strategy shifts throughout the last decade.
Earlier in the year, POET secured $150 million via a registered direct offering, issuing 20,689,656 common shares to institutional buyers. This offering concluded around January 23, 2026, and represented dilution for current shareholders.
Regarding strategic collaborations, POET has also joined forces with Lessengers to engineer a 1.6T 2×DR4 optical transceiver module designed for AI clusters and hyperscale data center infrastructure, and with LITEON Technology to jointly develop optical communication modules targeting AI networks and data centers.
POET shares advanced 7% in pre-market trading Wednesday morning, positioning the stock for its third consecutive session of upward movement.
