POET Stock Eyes Best Week In Nearly 2 Years: Traders Now Hint At A Possible Amazon Connection

• Traders highlighted that Amazon acquired warrants for Marvell stock when the latter acquired Celestial AI; those warrants are meant to be exercised on the purchase of Marvell’s photonic components.
• POET shares have gained over 60% so far this week.
• Stockwits sentiment for POET has been ‘extremely bullish’ since last Friday.

POET Technologies shares gained over 6% in early premarket on Friday. The stock has already rallied over 60% this week, heading for its best weekly close since July 2024, after the company disclosed a business tie-up with Marvell Technologies and a frothy business roadmap.

Speaking exclusively to Stocktwits’ Michele Steele earlier this week, CFO Thomas Mika said POET had received a purchase order linked to Marvell and was waiting to “hear back” on newer ones from Foxconn and Luxshare. The Marvell order is tied to Celestial AI, which Marvell acquired earlier this year.

POET and Celestial AI have a supplier and co-development partnership since 2022, and with Marvell’s purchase of Celestial, the former “inherited” POET as a vendor.

Because Marvell supplies its networking hardware (switches, Ethernet), optical interconnects, and storage hardware to major hyperscalers – as well as to Nvidia – POET’s stock is being buoyed by expectations that these same customers could eventually purchase its technology. 

POET’s Amazon Angle

Now, traders are speculating a large play between POET and Amazon Web Services (AWS), the world’s largest cloud company. A trader on Stocktwits highlighted that Amazon owns warrants for Marvell and has a pact to purchase photonic components.

When Marvell acquired Celestial AI in December, the company disclosed that it issued warrants to Amazon, allowing Amazon to buy Marvell shares based on Amazon's purchase of photonic fabric products through the end of 2030.

“A high-stakes strategic deal that essentially links Amazon’s massive data center upgrades directly to POET Technologies' hardware took place,” a trader wrote. 

“If Amazon is signing purchase agreements for the Photonic Fabric to get those warrants, they are indirectly committing to a supply chain that requires POET’s hardware,” they continued.

“Validation: It’s the ultimate "seal of approval." If Amazon (one of the world's largest "hyperscalers") is using this tech, every other data center provider (Meta, Google, Microsoft) is likely watching closely.”

POET stock has been drawing growing interest amid the rapid data-center buildout and speculation that Nvidia and other chip majors may tap its photonics technology. 

Retail Sentiment For POET Holds High

On Stocktwits, the retail sentiment for POET has remained ‘extremely bullish’ since last Friday, while message volume for the ticker has surged over 200%.

To be sure, short interest in the stock has climbed in the last month to 8.6%, nearing an all-time high. POET shares are up 85% year to date.

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