Shares of POET Technologies Inc (NASDAQ:POET) are trading 2.8% lower at $8.08 this afternoon, continuing their consolidation around the $8 floor and extending a pullback from mid-May highs.
Our POET Technologies (NASDAQ:POET) call is straightforward: the stock could nearly double from here over the next 12 months.
POET Technologies (NASDAQ:POET) trades at $13.89 as of June 2, 2026.
POET Technologies (NASDAQ:POET) has gone from obscure micro-cap to one of the loudest tickers on WallStreetBets in a matter of weeks.
After more than doubling in the previous week's trading, Poet stock lost more than half of its value this week. The valuation pullback stemmed from news that Marvell had canceled an order with Poet.
I'll cut to the chase. POET Technologies (NASDAQ:POET) just lived through one of the more brutal weeks in small-cap semiconductors, and the wreckage has reset the setup.
On April 28, the former hedge fund manager and popular TV host, Jim Cramer, took the time on his show to reflect on the April artificial intelligence (AI)-driven surge semiconductor stocks have experienced and to advise his fans on what to do under the circumstances.
POET Technologies' stock surged 80% in five days, driven by its innovative Optical Interposer technology, which integrates photonic and electrical components for faster, efficient data transfer. Collaborations with Mitsubishi and other key players aim to develop high-capacity optical engines, with significant market growth expected in 800G and 1.6T transceivers by 2025. Despite risks like limited cash, production challenges, and regulatory issues in China, POET's momentum and strategic partnerships, notably with Mitsubishi Electric, are promising.
High volume can indicate market strength, but volume is relative. Thirty million in traded shares doesn't mean much if the average daily volume is higher.
POET Technologies has experienced a positive change in perception, leading to increased interest and trading volume for the stock. It has raised significant cash through private placements, mitigating its initially increased financing risk. The company has achieved an important design win with Foxconn Interconnect Technology, validating its technology and gaining a strong partner for commercialization.