Jim Cramer’s 23 Stocks: Arm, QXO, and the Market’s Biggest Threat

10. POET Technologies Inc. (NASDAQ:POET)

POET Technologies Inc. (NASDAQ:POET) was among the stocks Jim Cramer covered on Mad Money as he discussed the wave of IPOs being the market’s possible biggest threat. Calling it an “extreme version” as he discussed parabolic moves, Cramer said:

These types of moves worry me. If you want to know what can happen when they go wrong, alright, I’m going to give you an extreme version. It’s called POET Technologies… For those who don’t remember, we covered POET last Tuesday night as a homework item after I got a call about the stock. I said it was too early stage to get excited about it with roughly just $300,000 in revenue last year… More of a science project than an established business.

Then I watched in horror as the stock proceeded to gain another 25% last Wednesday, and after an 8% decline last Thursday, it jumped another 29% on Friday. But today, POET announced that one of its largest potential customers, one that I mentioned last week, had canceled its orders, seemingly because POET’s executives may have run their mouths too much about those deals. Loose lips sink ships, especially ships like a stock. As a result, POET’s stock was basically cut in half today, down 47%, and that’s exactly the kind of thing that I’m really worried about when I see all these parabolic moves. No, not about chicanery, just that these, you know, too far, too fast.

POET Technologies Inc. (NASDAQ:POET) manufactures semiconductor products using an optical interposer platform that integrates electronic and photonic devices onto a single chip. The company develops optical engines and circuits for several industries, including data centers, telecommunications, and AI applications.