POET Technologies shares are rising Thursday after reporting upbeat second-quarter results and disclosing new optical chip orders.
POET beat Q2 estimates and signed a $50M deal with Lumilens for photonic AI chips, scaling to $500M+ over five years. Optical infrastructure moves to production stage; IT leaders must allocate capex for non-silicon AI chipsets in infrastructure planning.
POET Technologies Inc.
(NASDAQ:POET) shares are rising Thursday.
The photonic chipmaker beat estimates on both revenue and earnings in its second-quarter report and disclosed new customer orders tied to its optical chip business.
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