Key Highlights
- POET shares have climbed approximately 40% across two trading sessions, with an additional 7% gain registered in pre-market hours ahead of Wednesday’s open.
- CFO Thomas Mika publicly disclosed a purchase order associated with Marvell Technology — marking the company’s first official acknowledgment of this business relationship.
- The Marvell purchase order stems from Celestial AI, a company Marvell purchased this year; POET has maintained a supply and joint development agreement with Celestial AI dating back to 2022.
- Additional purchase orders from manufacturing partners Foxconn and Luxshare are currently under review.
- Shares reached a 52-week peak of $9.48, delivering a 130.6% annual return while revenue exploded by 2,495%.
POET Technologies has experienced a remarkable trading period. Shares have jumped approximately 40% over the past two sessions, with pre-market trading on Wednesday showing an additional 7% climb.
What triggered this dramatic move? An interview with the company’s CFO provided investors with tangible details they’d been waiting for.
Mika further disclosed that POET is anticipating responses on additional purchase orders from Foxconn and Luxshare, both established manufacturing collaborators.
The Marvell relationship traces back to Celestial AI, which became part of Marvell’s portfolio through acquisition earlier in the year. POET and Celestial AI established a supplier and joint development arrangement in 2022, with POET delivering critical optical elements that support Celestial AI’s photonic semiconductor technology.
Marvell has captured significant market attention recently. News surrounding a substantial Google contract and a $2 billion strategic investment and collaboration with Nvidia have positioned the chip maker at the center of industry conversations — benefiting POET through association.
Stock Performance and Revenue Explosion
Prior to this recent rally, POET had already demonstrated impressive momentum. The stock touched a 52-week peak 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 current market capitalization stands at $1.31 billion.
However, profitability remains elusive. POET recorded a per-share loss of $0.68, and InvestingPro analysis suggests the stock may be trading above its calculated fair value.
Skepticism and Equity Dilution Issues
Skeptics remain vocal. Wolfpack Research, which maintains a short position against POET, has labeled the company “an obvious stock promotion” and pointed to numerous strategic shifts throughout the past ten years.
Earlier in 2026, POET completed a $150 million capital raise via a registered direct offering, issuing 20,689,656 common shares to institutional buyers. The transaction closed approximately January 23, 2026, and was noted as dilutive to current shareholders.
Regarding collaborative efforts, POET has also joined forces with Lessengers to engineer a 1.6T 2×DR4 optical transceiver module targeted at AI computing clusters and hyperscale data center infrastructure, and partnered with LITEON Technology to jointly create optical communication modules designed for AI networks and data center applications.
POET stock registered a 7% gain in pre-market trading Wednesday morning, poised for its third consecutive session of upward movement.
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