2024-02-16 07:20:25 ET
Summary
- POET Technologies has developed the world's first wafer-level optical interposer, with strong interest from data center customers and series production ramping up.
- The company also aims to deliver photonics solutions for the AI market and has signed a partnership and sales agreement with Celestial AI.
- It expects a $19 billion TAM by 2029 and plans to expand into other markets such as LIDAR and AR/VR.
- Considering the technological potential, the stock appears cheap and has multi-bagger potential but the company needs to strengthen its cash position while keeping dilution at acceptable levels.
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For further details see:
POET: 2024 Could Be The Year For The Tide To Turn