POET Technologies Secures Supply Deal, Shares Rise 108%
POET Technologies (NASDAQ:POET) shares surged 108% week-on-week after securing a supply deal with Marvell Technologies, signaling potential growth. The stock hit an 11-year high, but former hedge fund manager Jim Cramer cautioned against overestimating the company's current production capabilities.
Topics: market reaction POET Technologies semiconductor industry stock price movement supply deal