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Why Poet Technologies Stock Soared 16.2% in October

TheMotleyFool

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Why Poet Technologies Stock Soared 16.2% in OctoberPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.theapi.app/temp/bee95973-d201-429b-849e-52867059bd1a.png

Extending the momentum from its modest 3.4% rise in September, Poet Technologies (NASDAQ: POET) stock rise even higher last month thanks to the market's steadfast interest in artificial intelligence (AI) stocks. Investors celebrated the semiconductor company's success in improving its liquidity as well as its receipt of a notable production order for its optical engines.

According to data provided by S&P Global Market Intelligence, shares of Poet Technologies rose 16.2% in October while the S&P 500 climbed 2.3%.

Image source: Getty Images.

Source Fool.com

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