TLDR
- POET stock has rallied ~40% over two days, adding another 7% in overnight trading heading into Wednesday.
- CFO Thomas Mika confirmed a purchase order linked to Marvell Technology — the first time POET has publicly acknowledged the relationship.
- The Marvell order connects to Celestial AI, which Marvell acquired earlier this year; POET has had a supplier and co-development deal with Celestial AI since 2022.
- POET is also awaiting purchase orders from Foxconn and Luxshare.
- The stock hit a 52-week high of $9.48, with a 130.6% total return over the past year and revenue up 2,495%.
POET Technologies has had a wild couple of days. The stock has surged roughly 40% over two sessions, with another 7% tacked on in overnight trading heading into Wednesday.
The catalyst? A CFO interview that gave the market something concrete to work with.
Mika also said POET was waiting to hear back on newer orders from Foxconn and Luxshare, two of its existing manufacturing customers.
The Marvell connection runs through Celestial AI, which Marvell acquired earlier this year. POET and Celestial AI have held a supplier and co-development partnership since 2022, with POET providing key optical components that power Celestial AI’s photonic chip platform.
Marvell itself has been in focus lately. Reports of a major Google deal and a $2 billion investment and partnership with Nvidia have put the company squarely in the spotlight — and that attention has spilled over to POET.
52-Week High and Revenue Surge
Before this latest run, POET had already been on a strong trajectory. The stock hit a 52-week high of $9.48, and over the past year it has delivered a total return of 130.6%.
Revenue surged 2,495% over the last twelve months. The company’s market cap now sits at $1.31 billion.
That said, POET is not yet profitable. It posted a loss of $0.68 per share, and InvestingPro has flagged the stock as potentially overvalued relative to its fair value estimate.
Short Seller and Dilution Concerns
Not everyone is buying the story. Short seller Wolfpack Research holds a short position in POET and has called it “an obvious stock promotion,” criticizing its multiple business pivots over the past decade.
Earlier this year, POET raised $150 million through a registered direct offering, selling 20,689,656 common shares to institutional investors. That offering closed around January 23, 2026, and was flagged as dilutive to existing holders.
On the partnership front, POET has also teamed up with Lessengers to develop a 1.6T 2×DR4 optical transceiver module for AI clusters and hyperscale data center networks, and with LITEON Technology to co-develop optical communication modules for AI networks and data centers.
POET stock was up 7% in overnight trading as of Wednesday morning, heading into its third straight session of gains.
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