POET stock price today: where things stand on 3 December 2025
As of the U.S. midday session on December 3, 2025, POET Technologies Inc. (NASDAQ: POET) is trading around $4.68 per share, up roughly 1–2% on the day from a previous close near $4.61. That price values the photonics and AI-connectivity specialist at about $600 million in market capitalization, depending on the data provider. [1]
The stock has been on a violent ride. Over the past 52 weeks, POET shares have swung between $3.09 and $9.41, highlighting the name’s high volatility and speculative profile. [2]
Price history over the last few years underscores that point:
- According to technical analytics platform Intellectia, the stock fell about 69% in 2023, surged roughly 540% in 2024, and is down about 24% so far in 2025, even after big AI-related rallies. [3]
- Data compiled by S&P Global and reported via Yahoo Finance shows POET gained about 16% in October 2025, easily beating the broader market for that month. [4]
In other words: despite today’s modest bounce, POET in late 2025 remains a classic high-beta AI hardware speculation rather than a steady compounder.
Business snapshot: an AI connectivity and photonics specialist
POET Technologies designs and develops high‑speed optical engines, light-source products and custom optical modules aimed at AI systems and hyperscale data centers. Its core platform, the POET Optical Interposer™, is a wafer‑level technology that allows electronic and photonic devices to be integrated on a single “chip-scale” module, promising smaller size, lower power consumption, and lower cost versus traditional optical assemblies. [5]
The company targets several growth markets:
- AI accelerator clusters and cloud data centers (800G and 1.6T optical engines)
- Co‑packaged optics and external light sources for next‑gen AI infrastructure
- Front-haul mobile networking and other high‑bandwidth communications use cases [6]
That story — AI, photonics, chip-scale integration — is the core driver of both enthusiasm and skepticism around the stock.
Q3 2025 earnings: small revenue, big loss, but visible progress
On November 13, 2025, POET reported third-quarter 2025 results for the period ended September 30. [7]
Key numbers from the company’s release: [8]
- Revenue (NRE and product):
- $298,434 in Q3 2025
- vs. $3,685 in Q3 2024
- vs. $268,469 in Q2 2025
- Net loss:
- $9.4 million, or $0.11 per share, in Q3 2025
- vs. a loss of $12.7 million ($0.20 per share) in Q3 2024
- vs. a loss of $17.3 million ($0.21 per share) in Q2 2025
- R&D expense: $3.7 million in Q3 2025, up from $1.8 million a year ago
- Cash flow from operations: negative $2.8 million in Q3, an improvement from negative $5.5 million in Q3 2024 and negative $7.7 million in Q2 2025
The company also reported:
- A non‑cash loss of $2.4 million from revaluing derivative warrant liabilities
- Stock‑based compensation of $1.9 million and depreciation & amortization of $0.9 million in the quarter [9]
From a Wall Street expectations standpoint, POET missed the few estimates that exist:
- MarketBeat’s summary of the quarter notes that the company delivered revenue of about $0.30 million vs. analyst expectations near $0.55 million, and EPS of –$0.11 vs. –$0.09 expected. [10]
Not surprisingly, that combination of tiny revenue, large loss and a miss on estimates triggered selling pressure. Multiple news summaries and data providers note that shares fell sharply — around high-single to low‑double‑digit percentages — in the sessions immediately after the report. [11]
The strategic highlights were more encouraging than the headline numbers: [12]
- POET secured two successive initial production orders from key customers totaling over $5.6 million, which management describes as the start of a revenue ramp expected to accelerate through 2026.
- The company emphasized that it is shifting from pure technology development toward product commercialization, particularly in optical engines and light sources for AI networks.
In short, Q3 2025 showed very early revenue traction and better cash burn, but POET is still firmly in the “loss‑making R&D-heavy” phase.
“Flush with cash”: 2025 fundraising and balance-sheet strength
One of the biggest changes to POET’s story in 2025 is its capital structure.
In the second half of the year the company executed several large equity raises: [13]
- October 7, 2025 – Closed a US$75 million private placement with a single institutional investor at a combined share-plus-warrant price of $5.50. Management highlighted that this left POET with more than $150 million in cash and no significant debt. [14]
- October 26–28, 2025 – Announced the pricing and then closing of an oversubscribed US$150 million registered direct offering, issuing about 20.7 million common shares subscribed by two new fundamental investors. After closing, POET’s pro‑forma cash position exceeded US$300 million. [15]
- In its Q3 results, POET summarized these deals as three equity financings with institutional investors at prices between $5.00 and $7.25 per share, raising roughly US$250 million in gross proceeds during 2025 alone. [16]
A follow‑up research note by analyst Lisa Thompson, syndicated via SwingTradeBot and Yahoo Finance, described POET as “flush with cash, with approximately $350 million in the bank” and projected that the company would begin shipping production orders in Q4, starting with modules for Celestial AI. [17]
On the bullish side, the enlarged cash balance:
- Extends POET’s runway well into 2027, according to a detailed bullish essay on Medium that estimates the company has raised over $350 million in total capital. [18]
- Gives management the ability to scale manufacturing, co‑fund new product development with partners, and pursue targeted acquisitions. [19]
On the bearish side, 2025’s fundraises have also been highly dilutive:
- The 75M and 150M deals together add more than 34 million shares to the float, a significant percentage increase relative to the company’s prior share count. [20]
- Several commentary pieces, including a series of Seeking Alpha articles tracked by AltIndex and iO Charts, explicitly warn that while the cash raise is a “stamp of validation,” investors should “mind the dilution.” [21]
So the balance sheet is now a genuine strength — but one purchased at the cost of share issuance.
Strategic deals and product pipeline: 800G, 1.6T and 3.2T for AI
POET’s 2025 news flow has been dominated by product and partnership announcements aimed squarely at AI data‑center connectivity.
1.6T optical receivers with Semtech
On September 30, POET and Semtech announced the launch of 1.6 terabit-per-second receiver optical engines (DR8 and 2×FR4) built by combining Semtech’s 200G‑per‑lane receiver technology with POET’s Optical Interposer platform. These chips target short‑reach AI cluster links as well as longer intra‑datacenter connections, promising lower power usage, a smaller bill of materials and improved signal integrity at 200G per lane. [22]
$5 million production order for 800G “Infinity” optical engines
On October 22, POET disclosed a production order worth over $5 million for its Infinity 800G optical engines, aimed at AI data servers. Shipments of both transmit and receive engines are expected to begin in the second half of 2026. [23]
The company’s Q3 release reiterates that this order and another initial order together total more than $5.6 million and represent the first step of a multi-year revenue ramp. [24]
Sivers Semiconductors & NTT: light sources and mobile front‑haul
POET is also working with Sivers Semiconductors to combine Sivers’ DFB lasers with POET’s Optical Interposer to deliver scalable light engines for next‑gen AI infrastructure. Prototypes are targeted for the first half of 2026, with production readiness expected by year‑end 2026. [25]
Additionally, POET has announced an entry into front‑haul mobile networking through collaboration with NTT Innovative Devices, expanding its reach beyond data centers into telecom infrastructure. [26]
Quantum Computing Inc. (QCi): 3.2 Tbps engines for CPO and AI
On November 11, 2025, POET and Quantum Computing Inc. (QCi) unveiled a strategic collaboration to co‑develop 3.2 Tbps optical engines based on 400G‑per‑lane thin‑film lithium niobate (TFLN) modulators integrated onto POET’s Optical Interposer. [27]
Key points from that announcement: [28]
- The 400G‑per‑lane TFLN modulator is targeted for completion in the second half of 2026, funded by POET.
- The combined solution is designed to double the speed of current leading networking devices and support the massive bandwidth demands of AI systems and hyperscale data centers.
- Industry research cited in the release pegs the 3.2T pluggable and co‑packaged optics market at nearly $12 billion by 2030.
Industry recognition
POET’s technology has also received industry awards and attention in 2025:
- At the ECOC 2025 Exhibition in Copenhagen, the company won the “Most Innovative Chip‑scale Packaging/Optical Sub Assembly Product” award for its optical engine platform — POET’s seventh major award in roughly 15 months. [29]
- A November 24 Medium article titled “POET Technologies — the Next NVIDIA” argued that POET’s Optical Interposer could become a standard in AI optical engines, citing potential power, cost and labor savings versus traditional photonics assembly. [30]
Taken together, POET is positioning itself as a component supplier to AI infrastructure rather than a general-purpose chipmaker — a niche with significant potential but also intense competition and long sales cycles.
What Wall Street and models are saying: divided views on POET stock
Coverage of POET by traditional sell‑side analysts remains thin, and forecasts vary widely depending on the data source.
Classic analyst targets
Because different aggregators track different analysts, their snapshots do not line up perfectly:
- Zacks Investment Research data (as captured in third‑party tools) indicates that three analysts have set short‑term price targets on POET, with an average target of about $6.60 per share. [31]
- MarketWatch’s analyst‑estimates page shows an average recommendation of “Buy”, an average target near $7.30, and two ratings in total. [32]
- Public.com’s POET page cites a market cap of roughly $425 million, a P/E ratio of –7.42, trailing twelve‑month revenue of about $763,000, and the same 52‑week range of $3.09–$9.41. [33]
Relative to today’s price around $4.68, the $6.60–$7.30 target band implies roughly 40–55% upside, if those targets prove accurate.
In contrast:
- MarketBeat’s POET forecast page currently shows one analyst rating the stock “Sell”, with the consensus labeled “Sell” and a 12‑month price forecast that implies significant downside versus the current quote. [34]
The bottom line on classic coverage: very few firms cover POET, and even among that small group the views range from Buy to Sell.
Quant and technical models
Algorithmic and technical services tend to be more cautious:
- Intellectia.ai’s technical analysis rates POET a “Sell”, noting three negative and one positive signal, with the share price trading below short‑ and mid‑term moving averages (SMA 5, 20 and 60), though the 60‑day average remains above the 200‑day average — a sign of a longer‑term uptrend beneath recent weakness. [35]
- Intellectia reports a short‑sale ratio of about 20.6% of daily trading volume as of December 1, 2025, and notes that price fell from $4.95 to $4.61 over that window, a pattern its models interpret as potential bottom‑fishing by shorts. [36]
- The same service projects highly optimistic longer‑term price paths, with an algorithmic forecast that POET could average around $14 by late 2026 and significantly higher by 2030 — but it explicitly labels the stock a “Strong Sell candidate” in the near term due to its current downtrend. [37]
Other alternative‑data platforms such as AltIndex also track news mentions and sentiment. They note that POET has fewer mainstream news mentions than many semiconductor peers, but a burst of coverage in October–November 2025 around the fundraising and AI announcements. [38]
Media and investor sentiment: from “Next NVIDIA” to “losing too much money”
2025 commentary around POET illustrates how polarized sentiment has become.
On the bullish end:
- The Medium piece “POET Technologies — the Next NVIDIA” paints POET as a potential foundational supplier to AI infrastructure, emphasizing its long development history, experienced management, partnerships with firms like Sivers, NTT, Quantum Computing Inc., Foxconn Interconnect, Luxshare and Celestial AI, and a now‑large cash balance that could fund growth through 2027. [39]
- Several research notes and articles tracked by AltIndex and iO Charts carry titles such as “POET Technologies: The Recent $75Mn Fundraising Is A Stamp Of Validation”, “POET Technologies Is Worth A Small, Speculative Shot” and “AI Sleeper Hit At Fair Value”, underscoring the view that POET is a high‑risk but potentially high‑reward AI optics play. [40]
- Lisa Thompson’s “Flush With Cash, POET Starts to Ship Production Orders in Q4” stresses the growing order book, initial shipments to Celestial AI and a cash position around $350 million as reasons to watch the name. [41]
On the bearish end:
- A pair of Seeking Alpha articles, summarized on iO Charts under headlines like “Brilliant Photonics, Brutal Fundamentals: Why I Would Sell Out Of POET Technologies” and “Caught Between Breakthrough And Losses”, argue that while the technology is impressive, the business still faces heavy losses, limited revenue and substantial execution risk. [42]
- A coverage note compiled by MarketBeat emphasizes that POET’s Q3 2025 results included a net margin deep in negative territory and a negative return on equity over 140%, while analysts on that platform lean “Sell” overall. [43]
- On CNBC’s “Mad Money” Lightning Round on November 21, 2025, Jim Cramer told a caller that POET Technologies was “losing too much money”, recommending that investors look elsewhere. This comment has been widely quoted in subsequent news-flow trackers. [44]
Macro‑style newsletters such as Sherwood’s Snacks also highlighted POET’s post‑earnings slump and larger‑than‑expected Q3 loss as part of a broader reset in speculative tech names. [45]
The net result is a stock caught between “transformational AI optics story” and “cash-burning microcap” narratives — and trading patterns have reflected that tug of war all year.
Ownership and trading dynamics
Institutional and retail behavior add a few more pieces to the puzzle:
- A December 1, 2025 filing summary from MarketBeat notes that Quadrature Capital Ltd bought 164,200 POET shares in Q2, worth about $855,000, giving the fund roughly 0.18% of the company. The update also lists several other funds that have modestly increased positions. [46]
- StockTitan’s data shows a short interest around 6–7% of the float, and institutional ownership under 10%, suggesting that trading is still dominated by retail and smaller funds. [47]
- Social and options‑oriented platforms report that POET has periodically appeared on meme-stock and WallStreetBets‑style radar, particularly around the October fundraising news, when the stock spiked and pre‑market chatter intensified. [48]
This setup — moderate short interest, relatively low institutional ownership and a highly volatile chart — helps explain the frequent sharp moves around headlines.
Key risks investors are watching
Across both bullish and bearish coverage, several common risk themes show up:
- Execution and commercialization risk
- Revenue remains well under $1 million per quarter, even as R&D and operating costs remain high. Turning the product and partnership pipeline into sustainable, multi‑year revenue contracts with hyperscalers and AI system vendors is far from guaranteed. [49]
- Profitability and cash burn
- Q3’s $9.4 million net loss is smaller than prior quarters but still substantial, and POET expects to keep investing aggressively in R&D and productization. Without a step‑change in revenue, losses could persist for years. [50]
- Dilution and capital structure
- The 2025 financings materially increased the share count. While they leave POET well funded, they also dilute existing shareholders and set a high bar for future per‑share value creation. [51]
- Competitive landscape
- POET is trying to carve out space in markets where large incumbents and well‑funded startups — from diversified chip companies to photonics specialists — are also racing to supply optical engines and co‑packaged optics to AI and cloud players. [52]
- Market volatility
- With a 52‑week range of $3.09–$9.41, swings of 10–20% in a single day around news are not rare. Both price history and technical models suggest that volatility is likely to remain high. [53]
Outlook for POET Technologies stock as of December 3, 2025
Stepping back, the picture for POET Technologies as of December 3, 2025 looks like this:
- The technology and pipeline: POET has assembled a credible roster of products (800G, 1.6T and planned 3.2T optical engines) and partners (Semtech, Sivers, NTT, QCi and others), along with industry recognition at events like ECOC. [54]
- The balance sheet: After major 2025 equity raises, the company is cash‑rich, with estimates around $300–350 million in cash and no material debt, giving it a multi‑year runway to execute. [55]
- The income statement: Revenue is still tiny relative to the market opportunity, while losses and negative margins remain large. Q3 showed incremental progress but not yet a fundamental inflection. [56]
- The market perception: Analysts and commentators are split, with some calling POET a speculative AI optics “sleeper hit” and others urging caution due to dilution, valuation and persistent losses. Quant models lean bearish in the short term even while some long‑term forecasts are extremely optimistic. [57]
For now, POET looks like a high‑risk, high‑volatility AI hardware bet that may appeal mainly to investors comfortable with early‑stage stories, binary execution risk and sharp price swings.
References
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