About POET Technologies Inc. - Common Shares (POET)
POET Technologies Inc. is a company focused on advancing semiconductor technology by developing innovative solutions for optical and electronic devices. It specializes in combining photonics and electronics on a single chip, which enhances performance and reduces energy consumption for various applications, including telecommunications, data centers, and consumer electronics. The company's cutting-edge platforms aim to deliver high-speed connectivity and efficient processing capabilities, positioning it as a key player in the growing field of integrated photonics. Through its research and development initiatives, POET is committed to driving technological advancements that meet the increasing demands of the digital economy. Read More
Shares of POET Technologies Inc (NASDAQ:POET) are trading lower Thursday morning after a strong rally earlier in the week. Here's what investors need to know.
Shares of POET Technologies are trading higher Wednesday after the company announced the closing of a $75 million private placement with a single institutional investor.
On Tuesday, major U.S. indices closed lower, with the Dow Jones Industrial Average slipping 0.2% to 46,602.98, the S&P 500 falling nearly 0.4% to 6,714.59.
Shares of POET Technologies Inc. (NASDAQ: POET) are up Wednesday on continued momentum after the company shared Tuesday that it received a significant order for one of its technologies. POET, which is based in Toronto, produces infrastructure critical to data centers.
