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Stock impact report

Poet Technologies Crashed Again Today -- Is the AI Stock a Buy on the Pullback? [Globe and Mail, The (Toronto, Canada)]

POET Technologies Inc. - Common Shares (POET) 
News that Marvell has canceled an order with the company has erased Poet's big valuation gains last week. Poet Technologies (NASDAQ: POET) stock got hit with another round of crushing sell-offs in Wednesday's trading. The company's share price ended the daily session down 17.8% despite a relatively calm backdrop for the broader market. The S&P 500 index and the Nasdaq Composite each closed out the session roughly flat. Poet stock has taken investors on a rollercoaster of volatility recently, with shares more than doubling last week on news that the company had secured a substantial contract order through Celestial AI -- a company acquired by Marvell earlier this year. Those gains have been erased this week following news that Marvell had canceled the contract order for Poet's hardware. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Int Show less Read more
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