On June 4, POET Technologies fell 8.26% in pre-market trading, trading at $14.12/share, with trading volume of $4.53 million.

On the news front, the semiconductor sector experienced a broad selloff led by Broadcom, which plunged over 14% after its CEO declined to raise fiscal 2027 AI revenue guidance despite delivering strong quarterly results. The sector-wide selling pressure dragged down optical communication and semiconductor stocks broadly, with Marvell Technology down over 6%, Micron Technology down over 6%, and AMD down over 4%.

POET had rallied sharply over multiple consecutive trading sessions, gaining 11.29% in the prior session and posting cumulative gains over recent days. The rapid short-term appreciation, combined with the sector-wide correction, intensified profit-taking pressure. Additionally, the company's recent large-scale financing activities have raised stock dilution concerns, while multiple U.S. law firms have initiated securities class action lawsuits, continuing to weigh on market sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)