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0 -0.00210222047037179 -0.00183944291157536 -0.00256208119826558 0.00420444094074376 0.00387596899224808 0.0108067271055053 0.0121863092891868
Stock impact report

POET Technologies is the market's newest meme stock. A short-seller unpacks his bearish bet. [Yahoo! Finance]

Marvell Technology, Inc. (MRVL) 
Last marvell technology, inc. earnings: 3/4 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: marvell.com/company/investor_relations
Company Research Source: Yahoo! Finance
Shares plunged almost 50% on Monday after Marvell Technologies backed out of a deal with POET. Wolfpack Research unpacked why it's been betting against the stock. POET Technologies has soared and plunged in a matter of weeks, with the market's latest meme stock seeing almost half of its value erased on Monday alone. The company, which develops hardware for AI infrastructure applications, saw a 47% drop in its stock. That followed a rapid rally in April that saw shares double from $7.51 to over $15. Amid the big swings, short-seller Wolfpack Research released a report detailing a bet against the company, leading to a retort from POET CFO Thomas Mika calling short sellers "maggots." In an interview with Stocktwits responding to the short report, Mika touted a large purchase order linked to chip firm Marvell Technology "We've got a purchase order from them that we're gonna ship against and we intend to continue that relationship and build it over time," he said. A week later Show less Read more
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