POET is trading at $17.73 (+23%) today, surging from yesterday's $14.37 close after the company announced a major strategic partnership with Lumilens Inc. to develop and commercialize wafer-level photonic integration for AI infrastructure.
- On May 14, POET and Lumilens entered into a supply agreement and joint development partnership to create a new class of optical interconnects for AI workloads.
- The multi-year collaboration will target 800G and 1.6T pluggable transceivers and future technologies like Near-Package Optics (NPO) and Co-Packaged Optics (CPO).
- The stock's rally is also supported by broad positive momentum in the tech sector, following strong AI-driven earnings from major companies like Cisco.