POET Technologies' shares dropped over 46% after Marvell Technology Group canceled all purchase orders linked to Celestial AI, citing breaches of confidentiality. The canceled orders included initial production units first announced in April 2023. Despite this setback, POET remains focused on its strategic goals and continues fulfilling other customer orders, including a $5 million deal with an unnamed tech company. This event highlights risks in supply chain partnerships within the AI and optical networking sectors.
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,...
