Poet Technologies (NASDAQ: POET) experienced a significant surge in share price on Friday, climbing 27.4% to $14.93, according to TechStock², the stock briefly reached $15.21 earlier in the session. This comes after the company’s chief financial officer, Thomas Mika, confirmed to Stocktwits that Poet had secured a purchase order linked to Marvell Technologies, a major player in semiconductor and storage solutions. The order is tied to Poet’s high-bandwidth, multi-frequency light sources used in AI setups.

Marvell Acquisition and Strategic Expansion

The acquisition of Celestial AI by Marvell in February 2025 added momentum to Poet’s stock. Mika highlighted that Poet is now a supplier to Marvell, delivering components that facilitate communication between GPUs and memory in AI infrastructure, according to Sherwood News. Marvell’s purchase of Celestial AI is part of its broader strategy to enhance optical connectivity solutions for AI and cloud data centers, as noted in TechStock².

Further, Mika indicated that shipments from the order could begin as early as the next quarter, with potential additional orders pending confirmation from Foxconn and Luxshare, two major electronics contractors. This development aligns with Poet’s broader shift from development to production phase, as outlined in Börse Express.

Market Conditions and Investor Sentiment

On Wednesday. Poet’s stock had already risen 20.9% by 2 p.m — ET, outpacing the S&P 500’s 0.8% and the Nasdaq Composite’s 1.4% gains, according to The Motley Fool. The bullish momentum was partly fueled by global market optimism following the extension of a ceasefire agreement between the U.S. and Iran, which reduced fears of higher energy prices and potential interest rate hikes by the Federal Reserve.

However, Poet’s stock had faced a sharp decline the previous day, dropping 8% after a critical report from short-seller firm Wolfpack Research accused the company of misleading investors and creating an “IRS nightmare” through its frequent issuance of new shares. The report warned shareholders to exit before the April 15 tax filing deadline, citing potential tax implications for U.S. holders, as reported by AOL.com.

Financials and Future Outlook

According to Börse Express. Poet reported $1 million in revenue for the fiscal year 2025 but posted a net loss of nearly $63 million, However, the company has raised significant capital in recent years, with current cash reserves estimated at $430 million. This financial cushion supports the company’s shift to commercial production and the scaling of its optical interposer platform. For 2026. Poet plans to begin volume production of light source products and deliver 1.6T module prototypes with partner Lessengers, aiming to ship over 30,000 units by year-end.

Investor sentiment is also being influenced by the broader AI infrastructure boom, where demand for faster optical interconnects is rising to meet the needs of increasingly complex models. Poet is positioning itself as a key supplier in this space, with its technology being used in conjunction with both Marvell and Nvidia’s expanding partnerships.