POET Technologies shares plunge after Marvell cancels purchase orders

POET Technologies shares fell more than 46% after Marvell Technology cancelled all purchase orders tied to Celestial AI, citing alleged confidentiality violations. The move signals a material commercial setback and raises legal/commercial risk around the relationship, sharply pressuring sentiment in the stock. The reaction is likely to be stock-specific rather than sector-wide.

Analysis

POET Technologies shares fell more than 46% after Marvell Technology cancelled all purchase orders tied to Celestial AI, citing alleged confidentiality violations. The move signals a material commercial setback and raises legal/commercial risk around the relationship, sharply pressuring sentiment in the stock. The reaction is likely to be stock-specific rather than sector-wide.