{"id":410744,"date":"2026-04-25T20:34:10","date_gmt":"2026-04-25T20:34:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/410744\/"},"modified":"2026-04-25T20:34:10","modified_gmt":"2026-04-25T20:34:10","slug":"why-poet-technologies-stock-more-than-doubled-this-week","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/410744\/","title":{"rendered":"Why Poet Technologies Stock More Than Doubled This Week"},"content":{"rendered":"\n

Poet Technologies (NASDAQ: POET) stock posted massive gains this week. The optics-technologies specialist’s share price rocketed 108% higher in the week. Meanwhile, the S&P 500 gained 0.5%, and the Nasdaq Composite gained 1.5%. <\/p>\n

Poet posted big gains this week in conjunction with news that the company has received a contract order from Marvell. With the huge rally, the stock is now up 138.5% year to date. <\/p>\n

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\"A Image source: Getty Images. <\/p>\n

Earlier this week, Poet CFO Thomas Mika conducted an interview with Stocktwits in which he confirmed that his company had received a purchase order from Celestial AI. While the interview didn’t directly confirm an order for Marvell, the tech hardware specialist completed its acquisition of Celestial AI in February — so Mika’s comments were effectively a confirmation that Poet’s fiber-optics tech is being integrated into Marvell’s artificial intelligence (AI<\/a>) ecosystem.<\/p>\n

Mika confirmed that the purchase order from Celestial AI now exceeds the $5 million level that was previously disclosed. Ramping demand is a very positive indicator as the company proceeds with commercialization scaling initiatives this year, and confirmation that Marvell is using Poet’s tech is a very promising development. With Marvell and Nvidia recently strengthening their partnership, it’s possible Poet could see knock-on benefits that allow for the business to scale at a dramatic pace. <\/p>\n

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