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Wall Street Breakfast Podcast: POET Deal Sparks Surge
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Wall Street Breakfast Podcast: POET Deal Sparks Surge

Seeking Alpha·Wall Street Breakfast·17 days ago
#IDW0rkB3
#source#chevron#alpha#poet#trump#shares
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Richard Drury/DigitalVision via Getty Images Listen below or on the go via Apple Podcasts and Spotify POET Technologies ( POET ) revenue beats as AI, hyperscale partnerships expand . (00:14) Trump discloses $220M in trades tied to U.S. companies in Q1. (01:11) Cerebras ( CBRS ) hits market with near record-setting price as shares open at $350 . (02:32) This is an abridged transcript. POET Technologies ( POET ) is down 3.6% premarket after closing 43% higher on Thursday. The company unveiled a deal with Lumilens for optical networking that could be worth $500M over the life of the agreement. Lumilens has placed an initial purchase order with POET for the manufacturing of electrical-optical interposer-based engines for $50M. POET said in a statement that the deal could eventually result in purchases worth $500M or more over a period of five years. In conjunction with the supply deal, POET granted a warrant to purchase up to 22.92M common shares.…

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