TORONTO, April 27, 2026, 08:02 EDT
POET Technologies (POET) climbed again in premarket action Monday, trading at $16.40 as of 7:59 a.m. EDT. The stock had already more than doubled last week, finishing Friday at $15.10, a 28.84% jump for the day after it peaked at $15.50. Traders piled in after the company linked a fresh order to Marvell Technology’s AI infrastructure efforts.
This is a big deal for POET, which is attempting to pivot away from pure engineering and into commercial shipments—right as AI data centers scramble for speedier, more energy-efficient chip-to-chip, memory, and rack connections. The Optical Interposer, POET’s platform, integrates both electronic and photonic components at chip scale, letting data travel via fiber-optic links instead of relying solely on copper.
POET now finds itself jostling for space in one of the busiest corners of the semiconductor market: optical connectivity for AI. Marvell, for its part, has touted Celestial AI’s Photonic Fabric as a way to achieve high-bandwidth, low-latency optical links for large-scale AI setups. The company is eyeing its first revenue from Celestial in the back half of fiscal 2028.
POET previously announced a production order for its Infinity optical engines worth over $5 million from a “leading systems integrator,” though it hasn’t identified the buyer. Fourth-quarter results showed $341,202 booked under non-recurring engineering and product revenue, with the company posting a net loss of $42.7 million. POET Technologies
Last week, Chief Financial Officer Thomas Mika offered a bit more detail. Speaking to Stocktwits, Mika said POET landed orders from Marvell, adding that the company already has a purchase order in hand and plans to ship against it. Some of those deliveries could go out as early as next quarter.
Mika said POET is still waiting to “hear back” from Foxconn and Luxshare—the two manufacturing partners Stocktwits flagged as collaborating with the company on high-speed optical engines for 800G and above transceiver modules. “We expect to hear back from at least one of those,” Mika added. Stocktwits
Marvell’s connection traces back to Celestial AI. In 2022, POET announced a deal to deliver external light-source modules—built on its Optical Interposer—to Celestial. At that time, Celestial founder David Lazovsky called POET’s light engines “precision optical power sources” and highlighted their role in Orion AI accelerators. POET Technologies
Marvell wrapped up its purchase of Celestial AI back in February. CEO Matt Murphy pointed to Celestial’s Photonic Fabric platform as a way for the chipmaker to tackle “the most demanding requirements” coming from next-gen AI and cloud data-center setups. Marvell Technology, Inc.
Dmytro Lebid, writing for Seeking Alpha, flagged POET’s tie-up with Marvell via Celestial as generating what he described as a “unique synergistic effect.” Still, Lebid also pointed to the upcoming quarterly update as a “moment of truth” for both the order book and the company’s progress on moving its domicile to the U.S. Seeking Alpha
The rally’s outpaced POET’s actual revenue so far. Jim Cramer—ex-hedge fund manager and familiar CNBC face—called POET a more compelling story than the average small-cap tech punt, but pointed out the company isn’t producing at scale yet. His take? Investors might want to hold off and look for a dip.
POET is facing a lingering tax issue. Earlier this month, the company said it expects to be classified as a passive foreign investment company, or PFIC, for 2025—potentially triggering unfavorable U.S. tax consequences. POET added it will supply the necessary details for a qualified electing fund election, and the board has signed off on plans to move its corporate domicile to the U.S.
Optics names have been catching a bid lately. Cramer singled out Lumentum and Coherent as the steadier bets here, but flagged the sharp runups in POET, Navitas, and Credo—each up around 100% this month and, in his words, “parabolic.” Insider Monkey
POET’s latest hurdle isn’t just the share price—it’s execution. Now that there’s a Marvell angle in play, investors want more than promises: the company needs to show it can deliver. Manufacturing reliability, timely shipping, and turning a $5 million-plus order backlog into steady sales—that’s what really matters from here.
