NasdaqCM:POETSemiconductor
Why POET Technologies (POET) Is Down 37.1% After Marvell Cancels Key Celestial AI Orders - And What's Next
In late April 2026, Marvell Technology cancelled purchase orders tied to POET Technologies’ work with Celestial AI, citing alleged breaches of confidentiality obligations.
This reversal came shortly after POET had highlighted Marvell-related orders as a key commercial win, underlining how dependent emerging photonics businesses can be on a small number of counterparties.
Next, we’ll examine how the cancellation of Marvell’s orders affects POET Technologies’ investment narrative and...