POET Shares Soar on Marvell Order, Fueling Speculative AI Stock Concerns

POET Technologies develops optical communications chips for AI data centers. Its shares surged 107% in one week after the company said it had secured a purchase order from Marvell. Neither the order value nor the announcement date was disclosed. Short seller Wolfpack Research has questioned POET’s business model and promotional practices, leading the market to view it as a high-risk AI-themed stock.

The latest reports said customer Celestial canceled an order after POET allegedly breached confidentiality obligations, sending POET’s shares plunging 44% and highlighting risks surrounding order visibility and corporate disclosure. The reports did not provide the value or cancellation date of the Celestial order or the size of Marvell’s purchase. Investors can currently assess developments only through the company’s statements and the sharp share-price reaction.