POET Technologies is trading at $5.62, down 6.41%, amid broader semiconductor and AI-linked stock pressure.
- Reuters reported Friday that worries about cracks in the AI trade pressured chip stocks; the broader chips index was down 1.8% in morning trading.
- No clear company-specific announcement was identified as a catalyst for the October 16 decline. Hotter-than-expected inflation and concerns about AI infrastructure financing added to sector-wide caution, pointing to industry and macro sentiment rather than a POET-specific event.