POET CFO says $430 mn war chest fuels hyperscaler strategy

POET Technologies (POET) jumped over 20% in pre-market trade, nearing a five-year high. The CFO told Stocktwits the company's $430 million cash reserves fund its "Three C's" strategy: capacity, capability, and credibility. This signals stability to hyperscalers like Marvell, as production scales to 10 million devices monthly.