$POET just pulled off one of the wildest rug-pull moves in recent memory.

Shernice軒嬣 2000
04-27 22:08


$POET Technologies Inc(POET)$   stock crashed over 40% today — after already getting cut in half from last week’s peak.


This is the kind of market whiplash that leaves retail stunned:


🚀 Why it pumped (hard)

Around April 22, CFO Thomas Mika went public saying:

They had secured a purchase order tied to Marvell Technology (via Celestial AI)


Product: 800G optical engines for AI data centers

Shipments expected in Q3

Deal size already above $5M

Add in potential deals with Foxconn and Luxshare Precision Industry

Plus the hottest theme in markets right now: AI + photonics


👉 Result:

Stock doubled in a week, hit an 11-year high, volume went insane.


💥 Why it crashed (even harder)

Today, the company dropped a bomb:


All prior orders from Celestial AI are CANCELLED


Why?


The CFO allegedly disclosed order details publicly

That may have violated NDA terms

$Marvell Technology(MRVL)$   pulled the plug

👉 Market reaction:


Opened above $15

Instantly collapsed to $8–9 range

Down ~46% intraday

Billions in market cap wiped out

📉 What now?

Company says other orders are still in progress

AI optical business is not dead

But credibility? Severely damaged


This wasn’t just volatility.

This was:


“Order confirmed → hype explodes → order cancelled → trust destroyed”


⚠️ The real takeaway


In the AI gold rush, narrative moves faster than fundamentals.


But one slip — especially around confidential deals —

can erase billions overnight.


This isn’t just a stock drop. It’s a case study in how hype, disclosure, and trust collide.

@MillionaireTiger  @TigerStars  @TigerObserver  @TigerPM  @Daily_Discussion  

Modified in.04-28 12:15
POET Crashes 47%, Shareholder Attorney Moves In?
POET plunged -47.35%, extending losses to $6.97 in after-hours trade. Shareholder rights firm Johnson Fistel to issue a public notice urging investors to come forward to assess class action viability. The photonic integrated circuit (PIC) company, once a small-cap AI data center optical interconnect play, appears to have suffered a severe earnings miss or material disclosure failure, with no official clarification issued. The class action signal points to a serious credibility breakdown. Until an official statement is released, is POET a value trap or a short-term bounce candidate?
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Comments

  • eddie321
    04-28 00:22
    eddie321
    since they intend to ship against marvell next month , marvell on the other hand  insisted to cancel shows that they are not really committed to poet , even as an existing partner , they would have given poet the minimum order if that's the case , currently we only lose validation from a big customer like marvell but that doesn't mean poet engines are failing , if we believe in the tech , nothing changes . I bought the dip anyway
    • Shernice軒嬣 2000: 
      Congratulations! You got it right
    • Shernice軒嬣 2000: 
      This is pretty serious—it affects the company’s reputation, legal exposure, and compliance. If a CFO’s public comments can trigger something like this, it could easily snowball into bigger issues, even lawsuits. Not something I want to jump in.
  • Ah_Meng
    04-27 22:35
    Ah_Meng
    So you don’t intend to pounce?? Waiting for the CFO to be fired?! They should… right thing to do…
    • Shernice軒嬣 2000: 
      Credibility gone. Over-disclosed sensitive customer data. This isn’t a small mistake the entire board should resign. Was watching this one closely but never pulled the trigger.
  • 1PC
    04-28 20:48
    1PC
    Nice Sharing 😁 Maybe 🤔 the CFO short or Buy Put [Chuckle] [Chuckle] [Chuckle]. @Barcode @Shyon @koolgal @Aqa @JC888 @DiAngel
  • Shernice軒嬣 2000
    04-27 22:30
    Shernice軒嬣 2000
    @Ah_Meng CFO mouth too big
  • jakeblehh
    04-28 17:48
    jakeblehh
    Great article, would you like to share it?
  • jakeblehh
    04-28 17:47
    jakeblehh
    Great article, would you like to share it?
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