POET shares plunge 47% as Marvell cancels Celestial AI purchase orders

Published on 27 April 2026

Marvell cited confidential disclosure tied to Celestial AI

POET Technologies shares sank more than 47% after Marvell Semiconductor canceled all purchase orders linked to Celestial AI. Marvell said the cancellation followed disclosure of confidential information, casting doubt on near-term revenue from that partnership. While POET continues focusing on its optical engine technology and other customer work, investors are watching how quickly it can replace lost orders.

POET stock fell over 47% after Marvell canceled Celestial AI orders
Marvell attributed the move to disclosure of confidential information
The cancellation threatens revenue tied to the disrupted partnership
Investors now look for POET’s ability to secure replacements

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Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

POET shares plunge 47% as Marvell cancels Celestial AI purchase orders

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