Key Points
Poet stock saw another big valuation pullback Wednesday as investors assessed the company's order outlook.
News that Marvell has canceled an order with the company has erased Poet's big valuation gains last week.
- 10 stocks we like better than Poet Technologies ›
Poet Technologies (NASDAQ: POET) stock got hit with another round of crushing sell-offs in Wednesday's trading. The company's share price ended the daily session down 17.8% despite a relatively calm backdrop for the broader market. The S&P 500 index and the Nasdaq Composite each closed out the session roughly flat.
Poet stock has taken investors on a rollercoaster of volatility recently, with shares more than doubling last week on news that the company had secured a substantial contract order through Celestial AI -- a company acquired by Marvell earlier this year. Those gains have been erased this week following news that Marvell had canceled the contract order for Poet's hardware.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Image source: Getty Images.
In last week's trading, Poet Technologies stock rocketed 108% higher -- with the incredible rally driven by CFO Thomas Mika's apparent confirmation that the company had secured an order through Marvell's Celestial AI. News of the artificial intelligence (AI) optics order cancellation has understandably caused a big reappraisal for Poet's near-term performance trajectory, but could the company's stock wind up delivering huge wins for investors following the recent pullback?
Is Poet stock a buy right now?
As a company with a roughly $1 billion market capitalization and little in the way of revenue-generating history, Poet is a speculative stock by definition. The company has been working to develop high-performance optics technologies, and some recent indicators have suggested that the business could be poised to see rapidly ramping commercialization along with the rollout of its new tech products.
While the company's share price has fallen roughly 50% over the last week, Poet stock actually looks significantly riskier than it did at the beginning of last week. While Marvell cited Poet's disclosure of otherwise confidential orders as the driving reason for canceling its previous deal through Celestial AI, there's a risk that the situation could be more complicated than that. The situation involving the apparent order confirmation in an interview and subsequent cancelation just days later is a bizarre and unusual development, and the lack of visibility surrounding the issue suggests that most investors should steer clear of Poet right now even if a significant near-term rebound for the stock could occur.
Should you buy stock in Poet Technologies right now?
Before you buy stock in Poet Technologies, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Poet Technologies wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $497,606!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,306,846!*
Now, it’s worth noting Stock Advisor’s total average return is 985% — a market-crushing outperformance compared to 200% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of April 29, 2026.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
