POET Technologies $POET ( ▲ 10.08% ) is ripping higher and closing in on a multiyear high after the company announced it won a Product Innovation Award at China’s Infostone awards.
The award went to POET’s flagship optical interconnect product, Teralight, which uses light to move data between chips, a key theme in the “AI infrastructure bottleneck” trade.
Why the stock is moving
This isn’t just a random press release pop.
POET said Teralight has been gaining commercial interest because it simplifies module development thanks to its system-on-chip style optical design.
Translation: it’s not just a concept, it’s a product pitch that fits what data centers actually need.
Options traders are piling in
The bigger tell is the derivatives flow:
Call demand is strong, with ~37,000 contracts traded by 10:55 a.m. ET
That’s already above the 20-day average of 28,030 for an entire session
That kind of call volume usually means retail momentum + spec money are both leaning long.
Where the chart stands
The stock is already up more than 40% YTD, and it’s now pushing toward its multiyear high of $9.41.
If it breaks through, it becomes a momentum name again fast.
Bottom line: POET is catching the AI optics wave, and traders are treating this award as the green light to chase it.