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POET Technologies is down nearly 50% from its highs as Marvell canceled orders. Should you buy POET now?

Poet stock has seen incredible levels of volatility as investors react to news about the company's order outlook.

The most-talked-about stocks in the Reddit subforum Wallstreetbets were mixed hours before Wednesday

POET Technologies’ shares just took a brutal hit after Marvell Technology pulled orders. Yet, POET’s AI optics story still has legs, and demand could still turn things around.

Shares of POET Technologies Inc are trading sharply lower Monday morning following news that Marvell Semiconductor has canceled all outstanding purchase orders from Celestial AI, a company Marvell recently acquired. The cancellation notice, received on April 23, effectively terminates a partnership that included initial production units first disclosed by POET in April 2023. Here’s what investors need to know. Marvell Alleges Confidentiality Breach In POET Order Cancellation The justification fo

Marvell Technology has cancelled its purchase orders with POET Technologies, citing alleged confidentiality breaches. The move reverses recent momentum built on new customer orders and strong bookings that had supported growing optimism around POET's pipeline. The cancellations raise questions about future supply partnerships and potential impacts on relationships with other key customers. For investors watching POET Technologies, ticker NasdaqCM:POET, this news comes after a period of...

Shares of networking chips designer Marvell Technology (NASDAQ: MRVL) fell 4% in the afternoon session after the company canceled all purchase orders with POET Technologies that were originally placed by Celestial AI, a firm Marvell recently acquired.