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.

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