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The latest update is out from POET Technologies ( (TSE:PTK) ).
On May 13, 2025, POET Technologies announced the appointment of Dr. Ghazi M. Chaoui as Senior Vice President of Global Manufacturing and Digital Transformation. This strategic move coincides with the operational launch of optical engine manufacturing at Globetronics in Malaysia and the establishment of POET Technologies Sdn. Bhd. as a wholly owned subsidiary. Dr. Chaoui, with nearly 40 years of industry experience, will oversee operations in Penang, Malaysia, aiming to meet the high demand for 800G and 1.6T transceivers for hyperscalers and AI cluster operators. This development is expected to enhance POET’s manufacturing capabilities and strengthen its market position in the photonics and optoelectronics industry.
The most recent analyst rating on (TSE:PTK) stock is a Buy with a C$3.50 price target. To see the full list of analyst forecasts on POET Technologies stock, see the TSE:PTK Stock Forecast page.
Spark’s Take on TSE:PTK Stock
According to Spark, TipRanks’ AI Analyst, TSE:PTK is a Neutral.
POET Technologies’ stock is currently rated at 50, reflecting its financial struggles and valuation concerns. However, there is potential upside from strategic corporate initiatives and technical indicators providing mixed but potentially positive signals. The company’s ability to capitalize on its strategic advancements and partnerships will be crucial for improving its stock performance.
To see Spark’s full report on TSE:PTK stock, click here.
More about POET Technologies
POET Technologies Inc. is a design and development company specializing in high-speed optical modules, optical engines, and light source products for the artificial intelligence systems market and hyperscale data centers. The company utilizes its patented POET Optical Interposer platform to integrate electronic and photonic devices into a single chip, offering solutions that are lower in cost, consume less power, and are scalable to high production volumes. POET is headquartered in Toronto, Canada, with operations in Allentown, PA, Shenzhen, China, and Singapore.
Average Trading Volume: 120,709
Technical Sentiment Signal: Buy
Current Market Cap: C$477.8M
For an in-depth examination of PTK stock, go to TipRanks’ Stock Analysis page.