Jim Cramer Won't Touch POET. The Reddit Crowd Thinks He's Wrong. Somebody's About to Lose a Lot of Money

POET Technologies is tied to optical interposer and optical packaging efforts aimed at making photonics cheaper, smaller, and easier to scale for AI systems. The company has pursued the approach for decades, and the path to becoming a durable supplier is described as long. Criticism includes claims of cash accumulation through dilution with limited operating revenue. Management cited production orders and invoices to support progress. A major challenge emerged when Marvell canceled Celestial AI purchase orders after alleged confidentiality breaches, triggering a steep stock decline and subsequent legal actions. Later, a Lumilens joint development agreement was announced, adding a new development milestone amid ongoing uncertainty.

"“an interesting story but I am not ready to recommend chasing it here.”"

"Cramer's hesitation comes down to execution. He likes the theme, the scramble to secure lasers, and acknowledges that POET's pitch to make optical packaging cheaper, smaller, and easier to scale aligns with what Jensen Huang has been saying about packaging integration in the AI buildout."

"Cramer specifically flagged that POET has been at this for decades, that the road to becoming a durable supplier is long, and that Wolfpack Research accused the company of accumulating cash through dilution while generating little operating revenue. CFO Thomas Mika pushed back, citing a $5 million production order for 800G optical engines and invoices from Celestial AI."

"On April 27, 2026, POET disclosed that Marvell had cancelled all Celestial AI purchase orders, citing alleged confidentiality breaches in POET's own disclosures about the deal. The stock fell 45% in a single session, and class action lawsuits followed."

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