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POET Technologies shares jump 320% on AI optics optimism and Lumilens deal boost

Market News
15 May 2026
Seeking Alpha
View Source
Bullish
pluang ai news

POET Technologies' stock surged over 320% from its March lows as renewed enthusiasm for AI optics returned following a recovery after a setback with Marvell. The company’s commercial credibility improved with the Lumilens agreement, although only $50 million of the reported $500 million is firmly committed. Q1 2026 revenue slightly exceeded $500,000, and operational cash burn showed modest improvement. Engineering samples are expected by late 2026, with mass production dependent on successful commercialization in 2027. Despite the optimism, POET trades at very high valuation multiples compared to industry averages, reflecting high expectations for future growth.

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