By TradingView
Publication Date: 2026-04-22 16:59:00
POET Technologies POET shares surged nearly 30% on Wednesday after a fresh round of order commentary added to a sharp rally in the optical components maker.
POET had already climbed more than 19% in the prior session, when it reached a 52-week high. The stock has gained about 48% over the past five trading days as investors tied the company more closely to Marvell Technology and Nvidia-linked hardware demand.
POET chief financial officer Thomas Mika said the company has a purchase order connected to Marvell and expects to keep building that relationship. He also said POET is waiting for replies on additional orders from manufacturing partners and customers, including Foxconn and Luxshare Precision.
The order is tied to Celestial AI, which Marvell acquired earlier this year. Mika said a $5 million Optical Engines order disclosed in October helps POET scale manufacturing, and he expects this year’s orders to be well above that level. The company has been drawing attention as AI data centers look for photonics tools to ease bottlenecks.
