POET Technologies (POET) Stock Soars 40% Following Marvell Partnership Revelation

Key Highlights

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POET shares have climbed approximately 40% across two trading sessions, with an additional 7% gain recorded in pre-market activity before Wednesday’s open.
CFO Thomas Mika publicly disclosed a purchase order associated with Marvell Technology — representing POET’s first official acknowledgment of this business connection.
The Marvell relationship stems from Celestial AI, a company Marvell purchased in early 2025; POET established a supply and joint development agreement with Celestial AI back in 2022.
Additional purchase orders from manufacturing partners Foxconn and Luxshare remain under consideration.
Shares touched a 52-week peak at $9.48, delivering a 130.6% annual total return alongside a staggering 2,495% revenue expansion.

POET Technologies has experienced a dramatic market response over recent trading sessions. Share prices have jumped approximately 40% within two days, followed by another 7% advance during overnight hours preceding Wednesday’s session.

POET Technologies Inc., POET

What sparked this rally? An interview with the company’s CFO provided investors with tangible details they’d been waiting for.

Mika revealed that POET is currently awaiting responses regarding fresh purchase orders from both Foxconn and Luxshare, established manufacturing partners already working with the company.

The Marvell relationship traces back to Celestial AI, which became part of Marvell’s portfolio through acquisition in 2025. Since 2022, POET has maintained both a supplier relationship and co-development arrangement with Celestial AI, delivering critical optical components that enable Celestial AI’s photonic chip technology.

Marvell has captured significant market attention recently. News of a substantial Google collaboration and a $2 billion investment partnership with Nvidia have elevated the company’s profile — creating a halo effect that has benefited POET as well.

Stock Performance and Revenue Explosion

Prior to this recent momentum, POET had already demonstrated impressive growth. Shares reached a 52-week maximum of $9.48, generating a total return of 130.6% over the trailing twelve months.

Revenue has exploded by 2,495% during the past year. The company now commands a market capitalization of $1.31 billion.

However, profitability remains elusive. POET recorded a per-share loss of $0.68, and InvestingPro analysis suggests the stock may be trading above its calculated fair value.

Skepticism and Dilution Issues

Not all market observers are convinced. Wolfpack Research, which maintains a short position in POET, has labeled it “an obvious stock promotion,” pointing to numerous strategic shifts the company has undertaken over the last ten years.

In early 2025, POET completed a $150 million capital raise via registered direct offering, issuing 20,689,656 common shares to institutional buyers. This transaction, which concluded approximately January 23, 2026, represented dilution for current shareholders.

Regarding strategic collaborations, POET has formed an alliance with Lessengers focused on creating a 1.6T 2×DR4 optical transceiver module designed for AI computing clusters and hyperscale data center infrastructure. Additionally, the company partnered with LITEON Technology to jointly develop optical communication modules targeting AI network applications and data center operations.

POET shares advanced 7% in pre-market trading Wednesday morning, positioning for a third consecutive session of gains.

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