Poet Technologies Stock Falls Due to Canceled Order with Marvell
Poet Technologies (NASDAQ: POET) stock fell 18.4% on April 29, 2026, due to the cancellation of an AI fiber-optics order by Marvell. The company's share price has dropped 57% from its peak, and its market capitalization is now around $1 billion. The cancellation was linked to a breach of confidentiality agreements.
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Topics: AI technology business contracts market volatility stock price decline