Poet Technologies experienced a substantial surge in its stock price, with a 28.8% increase in a single day, contributing to a 120.5% gain over the last week. This rally occurred amidst broader market trends and was further fueled by news that Poet secured an order with Marvell. This recent confirmation has instilled optimism regarding the fiber optics specialist's long-term prospects. CFO Thomas Mika confirmed the order, which is seen as a very bullish development for the company's commercialization. The confirmation also suggests potential for the total contract level to exceed initial targets, leading some investors to believe that Poet's successes are just beginning.
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