Key Highlights
- POET Technologies shares have climbed approximately 40% across two trading sessions, with an additional 7% gain in premarket activity on Wednesday.
- Chief Financial Officer Thomas Mika disclosed a purchase order associated with Marvell Technology, marking POET’s first public confirmation of this business relationship.
- The Marvell purchase order stems from Celestial AI, a company Marvell purchased in recent months; POET established a supplier and joint development agreement with Celestial AI back in 2022.
- Additional purchase orders from manufacturing partners Foxconn and Luxshare are currently pending.
- Shares reached a 52-week peak of $9.48, delivering a 130.6% total return year-over-year alongside a 2,495% revenue spike.
POET Technologies has experienced remarkable market momentum recently. Shares have climbed approximately 40% over the past two trading days, with premarket activity on Wednesday showing an additional 7% increase.
The driving force? An executive interview that provided investors with tangible validation.
Mika further disclosed that POET anticipates responses on additional orders from Foxconn and Luxshare, both established manufacturing collaborators.
The Marvell relationship traces back to Celestial AI, a firm Marvell brought into its portfolio in recent months. POET and Celestial AI have maintained a supplier and collaborative development arrangement since 2022, wherein POET delivers critical optical components that enable Celestial AI’s photonic semiconductor technology.
Marvell has captured significant market attention recently. News surrounding a substantial Google agreement and a $2 billion investment alliance with Nvidia have elevated the company’s profile — and that heightened visibility has extended benefits to POET.
Peak Valuation and Explosive Revenue Growth
Prior to this recent rally, POET had already demonstrated impressive performance. Shares touched a 52-week high 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 currently commands a market capitalization of $1.31 billion.
However, POET remains unprofitable. The company recorded a per-share loss of $0.68, and InvestingPro analysis suggests the stock may be trading above its estimated fair value.
Skepticism from Short Sellers and Dilution Issues
The bullish narrative faces opposition. Wolfpack Research, which maintains a short position in POET, has characterized it as “an obvious stock promotion,” pointing to numerous strategic shifts throughout the past decade.
Earlier in 2026, POET completed a $150 million capital raise via a registered direct offering, placing 20,689,656 common shares with institutional buyers. This transaction closed approximately on January 23, 2026, and was recognized as dilutive for current shareholders.
Regarding strategic alliances, POET has also joined forces with Lessengers to engineer a 1.6T 2×DR4 optical transceiver module targeting AI cluster environments and hyperscale data center infrastructure, and with LITEON Technology to jointly develop optical communication modules designed for AI networks and data center applications.
POET stock advanced 7% in premarket trading Wednesday morning, positioning for a third consecutive session of appreciation.
