Poet Technologies Stock Falls 51.6% After Marvell Cancels Order
Poet Technologies (POET) stock fell 51.6% this week after Marvell Technology canceled an order, reversing previous gains from a reported contract with Celestial AI. The cancellation was attributed to a breach of confidentiality agreements. The stock had more than doubled in the prior week following the initial contract confirmation.
Topics: company news contract cancellation market reaction stock price volatility