POET Stock Recovers After Friday’s Selloff – What’s Driving The Rebound?

• The move marks a rebound from 22% drop on Friday.
• Last week, POET announced revenue and loss that missed analysts’ targets and said its CFO, Thomas Mika, had announced his retirement.
• Stocktwits sentiment for POET was ‘bullish.’

POET Technologies shares ralled 11% in the early premarket session on Monday as traders positioned themselves ahead of AI chip giant Nvidia’s results later this week. Although POET and Nvidia do not have a business relationship, Nvidia’s mention of photonic technology has previously triggered sharp gains in POET shares.

The gains mark a rebound after a series of developments triggered a 22% drop on Friday. POET reported a $0.08 per share loss on $503,389 revenue for the last quarter, missing analysts' targets on both metrics, and announced that Chief Financial Officer Thomas Mika would retire this year.

On Friday, POET also disclosed that it has secured a commitment of $400 million from an unnamed institutional investor, but offering it freshly issued company shares and warrants, with the offering expected to close on Monday. 

Such fresh share issuances typically raise concerns around stock dilution and often put near-term pressure on the share price.

Fresh Short Report, Order Concerns

The same day, research firm Night Market Research disclosed that a short position in POET’s stock. Noting the recent cancellation of orders from Marvell Technology, it said POET has not been transparent about its dealings and raised red flags about its recently disclosed purchase order from Lumilens.

“In March we attended OFC 2026 in Los Angeles. We spoke to seven $POET partners including Celestial AI/Marvell, Foxconn, Luxshare, Mitsubishi, Multilane, Adtran, and Semtech. All described immaterial or dead partnerships,” Night Market Research alledged.

“Based on our research, including a conversation with a senior Celestial AI exec at OFC 2026, we think the partnership has been dead for years,” it said, adding that Lumilens is “an obscure startup that we believe has no intention of fulfilling it.”

Retail View On POET

Still, POET stock continues to gain ground, with shares up 152% year to date.

On Stocktwits, POET was among the top trending tickers early Monday with a ‘bullish’ retail sentiment reading amid an intense debate. Bulls pointed to the company's new AI networking partnerships as validation, while bears continued to scrutinize the company's operational transparency and recent share issuance.

“$POET look personally, I think this company is scum, I got some calls and sold them last week almost at the top,” said a trader. “And right away got puts when it was at 20, already on the green. This definitely has more down side, even if goes up tom, expect a sharp drop Tuesday. Too many shorted this and MM’s are now getting to work when market opens.”

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