POET Technologies Jumps After Responding to Short Report and Clarifying PFIC Status

POET Technologies Jumps After Responding to Short Report and Clarifying PFIC Status

Poet Technologies (NASDAQ:POET), designs and develops photonic built-in circuits and optical engines. The inventory closed at $8.59, up 18.32%. Shares jumped after administration issued an in depth rebuttal to a short-seller report and clarified PFIC-related tax issues, whereas buyers are watching execution on its AI-focused development and funding plans. The firm’s buying and selling quantity…

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“Sounds Interesting, But Not 100% Up Interesting, Sell Some”

“Sounds Interesting, But Not 100% Up Interesting, Sell Some”

POET Technologies Inc. (NASDAQ:POET) was amongst Jim Cramer’s latest stock calls, as he suggested investors balance portfolios with hot and cold stocks. Noting the inventory’s parabolic transfer, Cramer stated: Then there’s POET, Navitas, and Credo. These are all semiconductor networking shares which have gone parabolic, every up round 100% this month. We profiled POET earlier…

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