Poet Technologies Stock Surges Over 100% Following Contract with Marvell
Poet Technologies (NASDAQ: POET) stock surged over 108% in a single week, driven by news of a contract with Marvell. The company's CFO confirmed a purchase order from Celestial AI, which Marvell acquired in February, indicating integration of Poet's fiber-optics technology into Marvell's AI ecosystem. The stock is now up 138.5% year to date.
Topics: AI ecosystem company partnership contract award stock price movement