Jim Cramer on POET: “I Can’t Recommend the Stock”

POET Technologies Inc. (NASDAQ:POET) is one of the stocks Jim Cramer recently shed light on. When a caller mentioned that they bought POET as a speculative stock, Cramer remarked:

“It’s losing too much money. It’s losing too much money, and we’re not, remember, the era of magical investing is over, so I can’t recommend the stock.”

Stock market data. Photo by Jakub Zerdzicki on Pexels

POET Technologies Inc. (NASDAQ:POET) creates semiconductor and photonic products that combine electronic and optical devices on one chip. The company reported its Q3 earnings on November 13, posting a GAAP loss per share of -$0.11 and generated a revenue of $298,434 compared to $3,685 in Q3 2024.

While we acknowledge the risk and potential of POET as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than POET and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.