POET Technologies announced the cancellation of all purchase orders from Celestial AI, now owned by Marvell Semiconductor, due to alleged confidentiality breaches by POET. Marvell cited unauthorized disclosure of order and shipping details as the reason for cancellation. Despite this setback, POET remains focused on advancing its AI and optical networking products and fulfilling other customer orders, including a recent $5 million deal. The company continues to develop its optical engine technology for AI and data center markets amid growing demand.
The FTSE 100 index fell slightly, dragged down by mining stocks reacting to China's slower GDP growth of 4.3% in Q2, its weakest in three years. Despite this, oil prices remained steady amid US-Iran tensions. PayPal shares jumped over 14% following r...
The Goldman Sachs Future Tech Leaders Equity ETF (GTEK) has delivered a 48.9% return year-to-date, nearly doubling the 25% return of the Vanguard Information Technology ETF (VGT). Unlike VGT, which heavily invests in mega-cap tech giants like Nvidia,...
