POET Technologies Rises While Market Weighs AI Photonics Hopes Against Valuation
POET Technologies Inc. jumped Monday, as traders looked past profits to the AI-photonics pitch. Shares traded at $13.93, gaining $1.39 for the day. Volume hit 44.7 million, compared to a session low of $12.87 and a high of $15.06. That ran ahead of the SPY ETF, which was up around 1.7%. POET moves on AI-infrastructure hopes more than on actual revenue growth. Shares go higher when buyers get excited about growth, but they drop just as fast if the company dilutes, misses orders, or posts weak numbers. Bulls are betting on POET’s photonic integrated circuits, chips that link electronics and optics to move data in AI and data centers. The big play from POET is its Optical Interposer platform. It puts photonics and electronics into one module. POET is going after AI, cloud, and data center networks, a market that’s growing fast.