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Poet Technologies Stock Plunges 51.6% After Marvell Cancels Key Order

Posted on May 4, 2026
By Google News
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1 min read

Poet Technologies Stock Plunges 51.6% After Marvell Cancels Key Order

Poet Technologies (NASDAQ: POET) shares collapsed 51.6% this week after Marvell Technology withdrew a key order, citing a confidentiality violation. The dramatic reversal wiped out gains from the prior week when a contract with Celestial AI—acquired by Marvell—was confirmed. The cancellation raises doubts about Poet's commercialization prospects.