POET Technologies is trading 5% down today at $8.26 as investors continue to digest the impact of multiple lawsuits over the company’s tax status and the cancellation of purchase orders by Marvell tied to Celestial AI.
- Recent updates, including a CEO commercial activities recap and AGM results, have failed to offset negative sentiment despite long-term plans to ramp production in the second half of 2026.
- The decline is primarily driven by these company-specific legal and operational concerns, as the broader market remains relatively flat.