POET Technologies Inc's stock surged 6.24% over the past 24 hours, demonstrating significant upward momentum.
The movement is driven by the company's recovery from a short-seller report by Wolfpack Research, with CFO Thomas Mika dismissing the allegations as inconsequential, and the announcement of a partnership with Lessengers to develop 1.6T optical transceiver modules targeting high-density AI data center networks.
Furthermore, the optical communication sector witnessed broad gains intraday, with POET attracting strong capital inflows amid optimistic market sentiment toward improving industry conditions.
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