CORNING HAS DONE WELL FOR US BECAUSE OPTICAL IS USED IN AI... WELL HERE WITH POET SAME STORY:::::
POET Technologies Today
POET
POET Technologies
$3.11
-0.10 (-3.12%)
(As of 02:15 PM ET)
52-Week Range
$0.72
▼
$4.50
Price Target
$7.50
POET Technologies is not a new company. The business has been around for decades,
advancing optical technology to coincide with the AI revolution. Its optoelectronic components
are the first of their kind and combine optics and electronics onto a single semiconductor wafer. They are finding new demand in the data center and AI industry, where they are lowering costs while improving scalability.
Among the news driving the stock today is a collaboration with Foxconn to build high-speed AI systems.
Shares of POET surged 140% in early April and are now up 35% to set a new intraday high. The price action shows active and growing support, which puts it on track to reclaim $3.50 soon. One analyst firm issued a rating within the last year; they rated the stock at Buy and saw it advancing more than 100% to $7.50. Assuming the company meets its expectations, its stock could easily reach that level. Two analysts forecast a 30% increase in 2025 revenue and may be underestimating the market. POET isn’t on the level of
Advanced Micro Devices NASDAQ: AMD,
Micron NASDAQ: MU, or
NVIDIA NASDAQ: NVDA, but their DC business is booming, and POET is playing in the same market.
