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Why Poet Technologies Stock Is Plummeting Today
Poet Technologies (NASDAQ: POET) stock is getting hit with a big valuation pullback in Thursday's trading. The company's share price was down 7.3% as of 2:30 p.m. ET and had been down as much as 15.7% earlier in the day.
Poet's valuation is taking a big step back today as investors react to a big quarterly report in the software industry and other catalysts. Despite the big pullback today, Poet stock is still up 61% over the last week of trading.
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POET Technologies: Huge Risk, Massive Upside (NASDAQ:POET)
POET Technologies Inc. (POET) is an early and unproven AI stock. And yet, investors are already jumping into this growth story.
POET promises to deliver a new technological solution to one of the
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of POET either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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