POET Technologies Stock: Sell Before This Goes Lower
POET Technologies stock plummeted nearly 50% after Marvell Technology canceled all outstanding orders, reversing recent gains and triggering sharp investor concern. The sudden loss of a major partner has cast doubt on POET's near-term outlook. Market sentiment remains heavily negative following the announcement. The company has not yet issued a detailed public response.
- ▪POET Technologies' shares dropped almost 50% on April 28, 2026, following news of Marvell's order cancellation.
- ▪Marvell Technology canceled all outstanding supply orders with POET, a key development behind the sell-off.
- ▪The stock had surged in the prior month, making the reversal especially sharp for investors.
- ▪POET has not yet provided a public explanation or strategic update in response to the cancellation.
- ▪Analyst Kumquat Research holds no position in POET and has no plans to initiate one within 72 hours.
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