Poet Technologies’ stock price surged on an increased price target, but fell 5% by the market close. Growth stocks like Poet often experience significant volatility. Marvell is acquiring Celestial AI, a specialist in optical connectivity. Despite a bullish market, Poet’s stock declined with no apparent cause, leading investors to sell for profit.

The fluctuating stock price of Poet Technologies is attributed to its early stage as a developer of AI connectivity solutions. Today’s drop should not deter long-term investors. The Motley Fool Stock Advisor didn’t include Poet in its top 10 stock picks. Their average return is 1,001%, outperforming the S&P 500 by 807%.

Consider the Motley Fool’s top 10 stock picks for high returns, excluding Poet Technologies. Poet’s stock plummeted without a clear reason, a common occurrence in growth stocks. Stay informed and make wise investment decisions based on reliable sources and market trends.

Read more at Yahoo Finance: Why Poet Technologies Stock Plummeted Today