11 Trending AI Stocks on Latest News and Ratings

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8. POET Technologies Inc. (NASDAQ:POET)

Number of Hedge Fund Holders: 5

POET Technologies Inc. (NASDAQ:POET) develops optoelectronic solutions, including its Optical Interposer platform, which integrates electronic and photonic devices for AI-driven applications in sectors like data centers, IoT, and automotive LIDAR.

On December 24, POET (NASDAQ:POET) announced agreements with Globetronics Manufacturing (GMSB) to produce optical engines at GMSB’s Penang facility. These agreements include a Master Agreement, an Optical Engine Purchase Agreement, and a Deed of Consignment for POET’s wafer-level process equipment. GMSB has allocated RM7.7 million (RM1 = US$0.22) for capital expenses related to this collaboration from 2025 to 2027. The collaboration involves advanced wafer-level process equipment installation and aligns with POET’s broader “China Plus One” strategy to enhance global manufacturing capabilities.

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