5 Best Penny Stocks to Invest $100

3. POET Technologies Inc. (NASDAQ:POET)

Stock Price as of August 16: $3.38

POET Technologies Inc. (NASDAQ:POET) is involved in the production of photonic chips. By utilizing its Optical Interposer technology, the company aims to become the market leader in the photonics market.

The company’s first offerings include datacenter-useable 100G, 200G, 400G, and 800G chips introduced within this and the next year. Due to the enormous demand for these speeds, these products will serve as POET Technologies Inc.’s (NASDAQ:POET) major source of revenue. While other well-known companies like Intel are still searching for these technologies, POET Technologies Inc. (NASDAQ:POET) will offer processors with speeds of 1.6 T/s, 3.2 T/s, and 6.4 T/s.

POET Technologies Inc. (NASDAQ:POET) also has the potential to significantly increase the production levels due to its joint venture with one of China’s leading LED chip manufacturers, SANAN Optoelectronics Co. Furthermore, POET Technologies Inc.’s (NASDAQ:POET) revenue is expected to reach nearly $130 million by the end of 2025, based on the demand for its products from 10 clients.