Poet Technologies Inc (POET)

[makinezmoney]

$POET: Now down to $8.40


Management.................. based out of Toronto, CANADA

Dr. Suresh Venkatesan
Executive Chairman & Chief Executive Officer

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https://www.poet-technologies.com/about-us

POET Technologies Stock Plunges 40% After Marvell Cancels Orders
Last updated
5 minutes ago
The Toronto-based photonic chip maker announced Marvell's April 23 notice canceling orders, citing alleged confidentiality breaches by POET on purchase and shipping details. These included initial production units first revealed in a 2023 press release, reversing a recent stock rally sparked by CFO comments linking a deal to Marvell. POET stressed it continues serving other customers, like a $5 million order for 800G optical engines, and remains focused on AI networking growth amid the setback.

GO $POET