Poet Technologies Inc

POET Technologies shares rebounded 14.5% to $10.97 on Friday, even as a securities lawsuit over tax disclosures and cancelled Celestial AI orders moves forward with a June 29 lead plaintiff deadline.

POET Technologies is under a securities class action after Marvell canceled all Celestial AI purchase orders. Lead-plaintiff deadline is June 29. Stock at $9.385.

POET Technologies shares surged 30% after a securities class action was filed over disclosure of canceled Marvell purchase orders.

POET Technologies shares soared 108% in premarket trading Monday after confirming a $5M production order from Marvell Technology for its Infinity optical engines, with deliveries expected next quarter.

POET Technologies shares jumped 27% after the CFO mentioned a purchase order tied to Marvell, reigniting AI optics enthusiasm despite a thin revenue base.

POET Technologies stock extended its rally after management clarified tax status and confirmed a Marvell order, shifting focus to its optical engine business for AI networks.

POET Technologies shares jumped significantly for a second consecutive session following clarity on U.S. shareholder tax status and a proposed corporate relocation. The optical interconnect specialist also reported a major production order and new AI partnership.