POET Technologies Stock Drops 46% Following Order Cancellation by Marvell
POET Technologies' stock fell over 46% after Marvell Technology canceled purchase orders related to Celestial AI, citing confidentiality breaches. The dispute arose from POET allegedly disclosing purchase details without authorization, impacting the company's financial outlook. POET stated it remains focused on its product roadmap and has ongoing deals with other customers.
Topics: AI infrastructure business dispute confidentiality breach M&A stock price drop