POET Technologies Inc. (POET) saw its stock price plummet 9.63% during Tuesday's intraday session, continuing a period of significant volatility for the semiconductor company.

The sharp decline is attributed to persistent investor concerns following a $400 million dilutive equity offering and recent earnings results that fell short of market expectations. The offering increases the company's share count, diluting existing shareholders, while the disappointing earnings highlight ongoing financial challenges, with the company reporting a trailing twelve-month loss per share of -$0.47.

Notably, the weakness appears specific to POET, as the broader semiconductors sector traded higher during the same session, with peers like Micron Technology and Advanced Micro Devices posting gains.