POET Technologies (POET) Target Raised to $7 as Expansion Plans Address Supply Chain Concerns

Insider Monkey12-07

We recently published a list of 14 AI News and Ratings That Wall Street Is Watching. In this article, we are going to take a look at where POET Technologies Inc. (NASDAQ:POET) stands against other AI ...

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In this article, we are going to take a look at where POET Technologies Inc. (NASDAQ:POET) stands against other AI ...</p>\n\n<a href=\"https://finance.yahoo.com/news/poet-technologies-poet-target-raised-182551404.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"QLD","symbol_name":"纳指两倍做多ETF","start_time":0,"source_url":"https://finance.yahoo.com/news/poet-technologies-poet-target-raised-182551404.html","article_id":"2489825780","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/kZjpr4tQDEdyAVtK87RqgA--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/b9e024bf516b21b0ef0e6a77ba6fb276"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2489825780","pubTimestamp":1733509551,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"We recently published a list of 14 AI News and Ratings That Wall Street Is Watching. In this article, we are going to take a look at where POET Technologies Inc.  stands against other AI news and ratings that Wall Street is watching.The United States government recently announced fresh curbs targeting the chip industry in China. Per a report by news platform Al Jazeera, this is the third crackdown on American chip business with China in three years. The latest measures include curbing exports to 140 companies, including chip equipment maker Naura Technology Group, the report underlined. It added that the new rules also hit Chinese chip toolmakers Piotech, ACM Research, and SiCarrier Technology. According to the report, new export restrictions are part of the package, which also takes aim at shipments of advanced memory chips and chips tools to China.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"QLD":"纳指两倍做多ETF","PSQ":"纳指反向ETF","TQQQ":"纳指三倍做多ETF","SQQQ":"纳指三倍做空ETF","BK4141":"半导体产品","POET":"POET Technologies Inc","QID":"纳指两倍做空ETF",".IXIC":"NASDAQ Composite"},"translate_title":"由于扩张计划解决供应链问题，POET Technologies(POET)目标上调至7美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"POET":1,".IXIC":0.64,"MNQmain":0.6,"NQmain":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"SQQQ":0.6,"TQQQ":0.6},"content_text":"We recently published a list of 14 AI News and Ratings That Wall Street Is Watching. In this article, we are going to take a look at where POET Technologies Inc. (NASDAQ:POET) stands against other AI news and ratings that Wall Street is watching.\nThe United States government recently announced fresh curbs targeting the chip industry in China. Per a report by news platform Al Jazeera, this is the third crackdown on American chip business with China in three years. The latest measures include curbing exports to 140 companies, including chip equipment maker Naura Technology Group, the report underlined. It added that the new rules also hit Chinese chip toolmakers Piotech, ACM Research, and SiCarrier Technology. According to the report, new export restrictions are part of the package, which also takes aim at shipments of advanced memory chips and chips tools to China.\nRead more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs.\nThe updated sanctions package includes curbs on China-bound shipments of high bandwidth memory chips. These chips are critical for high-end applications like AI training. The US has also introduced export curbs on chip making equipment made in countries such as Singapore and Malaysia. Through these measures, introduced just a few days before President-elect Donald Trump takes charge at the White House, the US aims to limit Chinese access to chips that can help advance artificial intelligence for military applications, or otherwise threaten US national security.\nREAD ALSO: 30 Most Important AI Stocks According to BlackRock and Beyond the Tech Giants: 35 Non-Tech AI Opportunities.\nFor this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).\n The silhouette of a data center facility in the sunset, illustrating the companies focus on data center solutions. \nPOET Technologies Inc. (NASDAQ:POET)\nNumber of Hedge Fund Holders: 5  \nPOET Technologies Inc. (NASDAQ:POET) designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, Singapore, and China. The optoelectronic products marketed by the firm can help convert data from electric signals to light signals to be transmitted through optical wires. This allows for higher data transfer bandwidths, lower loss, and simpler cooling needs, especially within AI data centers. On December 2, Northland analyst Tim Savageaux raised the price target on the stock to $7 from $6 and kept an Outperform rating on the shares following the company’s announcement of plans for expanded optical engine capacity via contract manufacturing partners in Malaysia. Poet also announced plans to buy in the 25% of the SPX joint venture that it doesn’t own, with both moves addressing concerns previously noted around non-China supply chains, the advisory told investors.\nOverall, POET ranks 13th on our list of AI news and ratings that Wall Street is watching. While we acknowledge the potential of POET as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than POET but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.\nREAD NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock\nDisclosure: None. This article is originally published at Insider Monkey.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2489825780"}