Marvell Cancels Orders with POET Technologies, Leading to Sharp Stock Decline
POET Technologies (POET) experienced a significant stock decline after Marvell Technology (MRVL) canceled orders linked to Celestial AI, a subsidiary acquired by Marvell. Despite the setback, POET remains focused on its AI infrastructure and opto-electronics technology to drive future demand. The stock fell sharply, but the company is still optimistic about its long-term prospects in the AI market.
Topics: AI infrastructure Marvell Technology order cancellation POET Technologies stock price drop