POET Technologies is trading 10.7% down today at $6.33 as part of a sharp pullback in semiconductor and AI-related stocks, despite a lack of fresh company-specific news.
- The decline tracks a wider slump in the chip sector fueled by concerns over heavy AI infrastructure spending and rising competition from Chinese chipmakers.
- A global risk-off shift is weighing heavily on tech-heavy indices, specifically impacting the Nasdaq and the SOXX semiconductor ETF.