POET Stock Drops After Marvell-Celestial AI Order Is Canceled
TL;DR Summary
POET Technologies’ stock fell sharply after Marvell’s Celestial AI canceled a purchase order POET had disclosed, triggering volatility linked to confidentiality breaches. The company highlighted other deals and ongoing focus on AI and optical networking, while trading volume surged and analysts maintained a cautious Neutral stance with a $15.50 target.
Topics:business#celestial-ai#market-news#marvell#mrvl#note-ensure-five-tags-only#poet#poet-technologies
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