On June 12, POET Technologies rose 8.84% in regular trading, trading at $12.345/share, with turnover of $102 million.

On the news front, the stock continued its oversold rebound following a significant pullback of over 30% from its recent high of $15.33, triggered by the cancellation of a major order from Marvell Technology after the company was found to have breached confidentiality agreements by disclosing contract details. The broader optical communication sector showed sustained recovery momentum, with AXT Inc up over 6%, Credo Technology up over 5%, and Marvell Technology and Corning each gaining over 3% in the prior session, with positive sentiment carrying into the current trading day.

POET, as a core player in wafer-level photonic integration, stands to benefit from continued AI data center demand for high-speed optical interconnects through its Optical Interposer platform, amplifying the sector linkage effect driving capital inflows following the extended oversold conditions.

(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.)