Why Poet Technologies Stock Just Crashed
Source: Motley Fool
2026-04-27 11:48:51 ET
Poet Technologies (NASDAQ: POET) stock imploded this morning, falling 44% through 11:15 a.m. on reports of a feud between the tiny semiconductor packaging specialist and semiconductor giant Marvell Technology (NASDAQ: MRVL) .
Poet has developed technology to use photonics (light) rather than copper wires to rapidly transfer data among artificial intelligence chips , and at first, it seemed to catch Marvell's attention. Last week, Poet scored a big win when news began filtering out about a big purchase order from Celestial AI, a company Marvell acquired in February.
But Poet spoke too soon.
POET Technologies Inc.
NASDAQ: POET
POET Trading
-7.09% G/L:
$17.875 Last:
28,099,091 Volume:
$18.322 Open:
POET Latest News
POET Stock Data
$531,501,892
90,739,428
4.41%
39
N/A
Semiconductors and Equipment
Technology
CA
Toronto
