14 AI News and Ratings That Wall Street Is Watching

13. POET Technologies Inc. (NASDAQ:POET)

Number of Hedge Fund Holders: 5  

POET 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.