$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  

# POET Crashes 47%, Shareholder Attorney Moves In?

Modify on 2026-04-28 12:15

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Comment（5）

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  • eddie321
    ·00:22
    TOP
    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
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    • 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.
      00:42
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  • Ah_Meng
    ·04-27 22:35
    TOP
    So you don’t intend to pounce?? Waiting for the CFO to be fired?! They should… right thing to do…
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    • 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.
      04-27 22:39
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  • Shernice軒嬣 2000
    ·04-27 22:30
    @Ah_Meng CFO mouth too big
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