🔴 POET Technologies is trading 5.7% down amid broader AI and semiconductor selling

POET Technologies is trading 5.65% lower at $5.63 on October 15 amid a broader AI and semiconductor selloff.

• No clear company-specific announcement has surfaced.
• Shares fell 7.59% to $5.84 on October 14.
• Hotter-than-expected U.S. inflation revived rate-hike concerns, while investors questioned the cost and durability of AI investment. Reuters reported Nasdaq futures fell more than 1% as the AI-related selloff deepened and chipmakers extended losses.