Key Points
Poet's incredible rally was hit with a setback yesterday, but the stock saw a huge rebound today.
The rally for tech stocks resumed Friday, and investors see promising catalysts for Poet.
Poet recently confirmed that it has a partnership with Marvell, and investors are bullish on the optics specialist's prospects.
- These 10 stocks could mint the next wave of millionaires ›
After a pullback in yesterday's trading, Poet Technologies (NASDAQ: POET) stock went on to deliver a massive rally in Friday's trading. The tech company's share price gained 28.8% in a day of trading that played host to an 0.8% gain for the S&P 500 and a 1.6% gain for the Nasdaq Composite.
While the market bristled at ServiceNow's quarterly results yesterday and broadly sold out of software and technology stocks, the trend proved to be short-lived. Friday delivered a big rebound rally for the tech sector, and the trend helped reignite a powerful bullish rally for Poet stock. The company's share price climbed 120.5% over the last week.
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 Intel both need. Continue »
Image source: Getty Images.
Poet stock surges to new highs
On the heels of a big run-up, Poet stock got hit with a pullback in yesterday's trading as investors took a more cautious approach to tech stocks in response to ServiceNow's Q1 reports and other industry-outlook shifts. Investors seemingly did an about-face in today's trading and once again resumed buying into artificial intelligence (AI) names and other tech stocks with substantial appetite. Poet stock has been on a hot streak lately, and recent confirmation from the company that it has secured an order with Marvell has investors feeling optimistic about the fiber optics specialist's long-term prospects.
What's next for Poet?
Poet CFO Thomas Mika recently confirmed that Poet has secured orders with a company that Marvell acquired earlier this year. The news bodes well for the fiber-optics tech specialist's commercialization ramp. While management had previously guided for an order of roughly $5 million this year from a leading data-center systems integrator, confirmation that the company in question is Marvell is a very bullish development. With the confirmation, the door also seems to be left open for the total contract level to climb well above the previously announced target, and some investors are betting that Poet's wins are just getting started.
Where to invest $1,000 right now
When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor’s total average return is 967%* — a market-crushing outperformance compared to 199% for the S&P 500.
They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor.
*Stock Advisor returns as of April 24, 2026.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
