POET Technologies Inc's stock plummeted 5.62% during intraday trading on Thursday, reflecting heightened investor concerns following critical analyst commentary.

The sharp decline is attributed to growing skepticism about the company's ability to secure major hyperscaler contracts. Analysts highlighted that despite its optics technology buildout, POET's proof of concept remains limited to a small win with Lumalens, a relatively unknown industry player, and it recently lost a significant opportunity with Marvell following a credibility-damaging CFO disclosure.

Market observers note that the stock has been oscillating without a fundamental anchor, making it a speculative investment. The lack of substantial order wins from major cloud providers has raised questions about the company's near-term growth prospects and valuation stability.