POET Technologies (POET) Rides Market Leaders’ Semiconductor Optimism, Climbs 11%

POET Technologies Inc. (NASDAQ:POET) is one of the 10 Stocks That Absolutely Exploded Higher.

POET Technologies saw its share prices jump by 11.38 percent on Friday to close at $12.53 apiece, as investor sentiment was bolstered by the continued optimism for companies and sectors riding the AI boom, thanks to bullish comments from analysts and market leaders.

Earlier in the week, semiconductor companies earned a boost from Bank of America (BofA), saying that the sector is set to largely benefit from the rapid adoption of agentic AI.

If agentic AI becomes a major trend, this could strengthen demand for moving enormous amounts of data, thus sparking rosy prospects for optics companies such as POET Technologies Inc. (NASDAQ:POET).

Apart from BofA, the optics sector also earned the backing of Nvidia Corp. CEO Jensen Huang, who validated the importance of the optics industry in the future of artificial intelligence, saying that the right strategy “is to scale up with copper as long as you can. After that, you scale up further with optics.”

“You scale out with optics, and you scale across with optics. So you use optics wherever you must, you use copper wherever you can,” he noted.

Apart from Huang, investment firm Rosenblatt was also highly optimistic for the sector, saying that it expects key players to expand production capacities by approximately 12x through 2030 to support the growing demands from AI.

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