Poet Technologies’ stock craters nearly 50% in record drop, as Marvell relationship sours

poet technologies stock fell nearly 50% on wednesday — its biggest single-day drop on record. the company disclosed that marvell is walking away from a key ai partnership. the relationship had been a central part of poet's growth narrative. investors had been betting on the collaboration to drive revenue from optical interconnects for ai data centers. with marvell pulling out, that thesis collapses. poet didn't provide details on why marvell is exiting, and the stock has not recovered from the initial plunge.