MRVL
POET
The market’s doing two things at once
POET Technologies is getting a small lift, but don’t mistake that for a clean victory lap. The stock is still living in the shadow of Marvell’s canceled orders, which nuked a big chunk of near-term visibility and reminded everyone that AI-fueled growth stories can go from champagne to flat soda in a hurry.
Why investors are squinting at May 18
The company now heads into its earnings report on May 18th, and that date matters because the next print is where the market will try to separate hope from actual numbers. POET says it has a separate $5 million purchase order from another tech customer, which is nice, but that’s more of a life raft than a yacht.
What investors are watching:
- whether that new order can meaningfully replace the lost Marvell business
- whether management sounds any more confident about restoring the relationship with Marvell
- whether the company can keep the revenue story from looking like a game of whack-a-mole
Sentiment got a little less gloomy
POET isn’t rallying in a vacuum. Semiconductor stocks broadly caught a tailwind after tensions around the Strait of Hormuz eased and Wall Street got another dose of “maybe the chip supply chain won’t explode this week” optimism. Add in some options chatter, and you’ve got traders sniffing around the name again.
Big picture
This is one of those stocks where the next earnings call isn’t just a routine update — it’s a credibility test. If POET can show it’s replacing lost business faster than skeptics expected, the story improves. If not, the market may keep treating this like a fragile AI side quest rather than a durable growth engine.