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Celestial Ai

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markets29 days ago

POET Shares Slump After Marvell Cancels Celestial AI Orders

POET Technologies’ stock fell after Marvell canceled all outstanding Celestial AI orders, with Marvell accusing POET of confidentiality breaches. POET says it’s pivoting to other priorities (including a $5 million order with another firm) and continues developing its POET Optical Interposer, but cautions there’s no guarantee it can reestablish the Marvell relationship. The company also faces upcoming May earnings and traders are watching key levels around support near $12 and resistance near $9 as the narrative unfolds.

via Benzinga|
#ai-hardware#celestial-ai#markets
POET Stock Drops After Marvell-Celestial AI Order Is Canceled
market-news29 days ago

POET Stock Drops After Marvell-Celestial AI Order Is Canceled

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.

via TipRanks|
#celestial-ai#market-news#marvell
POET Cancels Celestial AI Purchase Orders After Marvell’s Cancellation Notice
business-contracts29 days ago

POET Cancels Celestial AI Purchase Orders After Marvell’s Cancellation Notice

POET Technologies announced the cancellation of all Celestial AI purchase orders after Marvell provided a cancellation notice citing confidentiality obligations. The company will focus on its AI and optical networking product development and fulfill other orders, including a separate roughly $5 million purchase order from another technology customer.

via GlobeNewswire|
#business-contracts#celestial-ai#marvell-semiconductor