POET Technologies Stock Falls 50% After Marvell Cancels Orders
POET Technologies Inc. (NASDAQ:POET) shares dropped nearly 50% on Monday following the cancellation of all outstanding orders by Marvell Technology, Inc. (MRVL). The move has triggered negative sentiment, which is expected to persist in the short term. The stock had previously experienced a significant rise over the past month.
Topics: business partner withdrawal market sentiment stock price drop