POET is trading at $22.60 (up 10%) in after-hours trading after signing a supply and joint development agreement with Lumilens Inc. for AI data center solutions.
- The agreement includes an initial $50 million purchase order that could scale to $500 million, sparking significant investor enthusiasm.
- The move follows a sharp 43.15% gain to $20.57 at the May 14 close as the company positions itself to capitalize on the growing AI infrastructure market.