Poet Technologies Surges to Record High After Data Center Breakthrough

Shares of Canada’s Poet Technologies soared 17% to a record high after unveiling its next-generation optical interposer platform designed for hyperscale data centers. The innovation significantly reduces latency and improves energy efficiency, drawing strong interest from cloud service providers. The company’s market capitalization crossed $1.3 billion following the announcement. Analysts said the technology could reshape interconnect architectures for AI and high-performance computing workloads, positioning Poet as a competitive supplier to major chip and networking firms expanding their optical integration efforts.