$POET Technologies Inc(POET)$ stock crashed over 40% today — after already getting cut in half from last week’s peak. This is the kind of market whiplash that leaves retail stunned: 🚀 Why it pumped (hard) Around April 22, CFO Thomas Mika went public saying: They had secured a purchase order tied to Marvell Technology (via Celestial AI) Product: 800G optical engines for AI data centers Shipments expected in Q3 Deal size already above $5M Add in potential deals with Foxconn and Luxshare Precision Industry Plus the hottest theme in markets right now: AI + photonics 👉 Result: Stock doubled in a week, hit an 11-year high, volume went insane. 💥 Why it crashed (even harder) Today, the company dropped a bomb: All prior orders from Celestial AI
$POET Technologies Inc(POET)$ stock crashed over 40% today — after already getting cut in half from last week’s peak. This is the kind of market whiplash that leaves retail stunned: 🚀 Why it pumped (hard) Around April 22, CFO Thomas Mika went public saying: They had secured a purchase order tied to Marvell Technology (via Celestial AI) Product: 800G optical engines for AI data centers Shipments expected in Q3 Deal size already above $5M Add in potential deals with Foxconn and Luxshare Precision Industry Plus the hottest theme in markets right now: AI + photonics 👉 Result: Stock doubled in a week, hit an 11-year high, volume went insane. 💥 Why it crashed (even harder) Today, the company dropped a bomb: All prior orders from Celestial AI