5 Stocks With Unbelievable Gains

2. POET Technologies Inc. (NASDAQ:POET)

POET Technologies rallied for a second day on Thursday to hit a new all-time high, after bagging a new supply order from Lumilens Inc. with the potential to generate $500 million in revenues over the next five years.

In an updated report, POET Technologies Inc. (NASDAQ:POET) said that $50 million of the total was initially inked, representing the first phase of the broader supply agreement over the next five years.

In connection with the deal, POET Technologies Inc. (NASDAQ:POET) granted Lumilens a warrant to purchase more than 22.9 million common shares, exercisable over nine years at a price of $8.25 apiece.

“This new EOI platform will allow us to jointly bring semiconductor-style manufacturing discipline to optical engines — delivering precision, scalability, and cost structure advantages that are essential for AI infrastructure at scale. Working jointly with Lumilens enables us to translate these capabilities into high-volume production and end-customer deployments for the next generation of AI data centers,” said POET Technologies Inc. (NASDAQ:POET) Chairman and CEO Suresh Venkatesan.

In other news, the listed firm reported a dismal earnings performance in the first quarter of the year, having swung to a net loss of $12.3 million from a $6.3 million net income in the same period last year.

Revenues soared by 202 percent to $503,389 from $166,760 year-on-year.