Overview
- POET shares swung sharply this week, touching an 11-year intraday high of $15.50 before a pullback and then a premarket rebound near $13.
- The company confirmed a purchase order tied to Marvell, with first deliveries targeted to begin in the third quarter of 2026.
- Reports quoting CFO Thomas Mika say POET is awaiting potential orders from Foxconn and Luxshare, which have not been confirmed by the company.
- Short interest rose to 13.14 million shares, or about 8.63% of the shares available to trade, after the CFO called a Wolfpack Research note a "big nothing burger."
- Traders now watch the May 13 financial update and early delivery timing, as broader tech weakness linked to ServiceNow’s outlook has added to the stock’s swings.