10 AI News and Ratings Investors Should Not Miss

9. POET Technologies Inc. (NASDAQ:POET)

Number of Hedge Fund Holders: 5  

POET Technologies Inc. (NASDAQ:POET) designs, develops, manufactures, and sells discrete and integrated optoelectronic 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 November 22, Craig-Hallum raised the price target on the stock to $5.50 from $3.50 and kept a Buy rating on the shares. Poet Technologies has increased its engagement with key datacom xcvr, largely through its partnership with Mitsubishi, a leading datacom laser supplier, the advisory told investors in a research note.