POET Technologies Inc. shares surged more than 30% in midday trading Friday, climbing to around $15.33 as investors piled into the photonics innovator amid accelerating AI-driven demand for its optical interconnect technology and positive updates on financing and strategic positioning.
The stock (NASDAQ: POET) opened sharply higher and sustained strong gains on April 24, with trading volume exploding well above average. The dramatic move extends a powerful rally that has seen shares more than double in recent weeks, driven by growing excitement around POET's role in solving critical data transfer challenges in next-generation AI systems.
