Poet Technologies Stock Falls After Marvell Cancels Orders
Poet Technologies (POET) stock experienced a sharp decline after Marvell Technology canceled orders, reversing a previous 108% gain. The drop wiped out most of the stock's recent gains, which were driven by a reported contract with Celestial AI, now owned by Marvell. The cancellation has raised concerns about Poet's future prospects.
Topics: contract changes market reaction partnership changes stock price volatility