POET Technologies fell 7.3% on Friday, extending its decline to roughly 40% from the mid-May peak after Marvell’s AI division canceled all purchase orders with the company. The cancellation is a material negative for near-term revenue visibility and sentiment around the stock. The move appears company-specific rather than sector-wide, but it is likely to keep pressure on shares.
POET Technologies fell 7.3% on Friday, extending its decline to roughly 40% from the mid-May peak after Marvell’s AI division canceled all purchase orders with the company. The cancellation is a material negative for near-term revenue visibility and sentiment around the stock. The move appears company-specific rather than sector-wide, but it is likely to keep pressure on shares.
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strongly negative
Sentiment Score
-0.70
Ticker Sentiment
