On June 10, POET Technologies rose 8.08% in regular trading, trading at $11.75/share, with trading volume of $81.39 million.

On the news front, the stock experienced a sharp 8.55% decline in the prior session after Marvell Technology canceled a major order due to POET allegedly violating an agreement by disclosing client contract details. The rapid sell-off triggered an oversold condition, prompting capital to flow back into the stock.

Additionally, the broader optical communication sector received a significant boost from two catalysts: Amazon and Corning announced a multi-year, multi-billion-dollar agreement for fiber optic products supporting data center infrastructure expansion, and Marvell Technology was selected for inclusion in the S&P 500 index effective June 22. These developments lifted sentiment across the optical communication space, with multiple sector peers posting gains exceeding 7-9%.

POET, as a core player in wafer-level photonic integration with its proprietary Optical Interposer platform, remains positioned to benefit from AI data center demand for high-speed optical interconnects, supporting the technical rebound.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)