MRVL
POET
The stock didn’t just blink. It sprinted.
POET Technologies jumped over 21% on Tuesday and hit a fresh 52-week high, which is a pretty loud way for the market to say it’s not buying the short-seller scare story. The move came after the company swatted away Wolfpack Research’s “tax nightmare” claims like they were a mosquito at a summer barbecue.
The short report vs. the company clapback
Wolfpack said POET’s passive foreign investment company status could turn into a tax mess for U.S. shareholders. POET CFO Thomas Mika went full no-nonsense mode on Stocktwits, calling the report a “big nothing burger” and saying the company’s net loss position means there’s nothing for investors to declare right now.
But there’s more than just online yelling
This isn’t only about a short-seller spat. POET also said it’s expanding its AI footprint through a partnership with Lessengers to develop 1.6T optical transceiver modules for high-density AI data centers. Samples are expected in the second quarter of 2026, so the market is getting a little growth-story sugar on top of the drama.
Why investors should care
For traders, this is classic whiplash: a stock gets punched by a short report, then rebounds hard when management pushes back and the business story stays intact. For longer-term investors, the real question is whether POET can turn the AI optics buzz into actual revenue instead of just vibes.
Big picture: when a stock can shrug off a short report and still climb, the market is basically voting on survival — and today, POET got a pretty enthusiastic thumbs-up.