Poet Technologies' stock fell over 48% following the announcement that Marvell Technology canceled all purchase orders related to their AI partnership with Celestial AI. Marvell, which recently acquired Celestial AI, cited alleged confidentiality breaches by Poet as the reason for the cancellation. This sudden termination has led to a sharp selloff after Poet's shares had recently hit a multiyear high. The development raises concerns about Poet's future collaborations and financial outlook.
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,...
