Key HighlightsShares of POET Technologies climbed 108% over the prior week, reaching an 11-year peak of $15.50 during Friday tradingA confirmed supply agreement with Marvell Technology for 800G optical engines sparked the rallyCFO Thomas Mika indicated orders are projected to drive total 2025 bookings beyond $5 million, with shipments beginning in Q3Shares retraced to $15.10 (+28.84%) by Friday’s close as investors locked in profitsCNBC’s Jim Cramer warned the stock is “trading like they’re already in mass production” despite early-stage operationsShares of POET Technologies reached an intraday peak of $15.50 on Friday before settling at $15.10, marking a single-session advance of 28.84%. The weekly surge of 108% represents the stock’s strongest performance since August 2014.POET Technologies Inc., POETThe primary driver behind the rally was official confirmation of a supply partnership with Marvell Technology. During a Stocktwits discussion, CFO Thomas Mika disclosed that POET had formally locked in orders from Marvell for its 800G optical engine products.According to Mika, these orders are anticipated to elevate POET’s complete 2025 order portfolio above the $5 million threshold. Initial shipments are scheduled to commence during the third quarter of this year.The firm is also awaiting responses from two additional prospective customers: Foxconn and Luxshare. “We expect to hear back from at least one of those,” Mika stated.The company’s year-to-date performance now reflects a 138.55% increase, with its market capitalization currently standing at $2.31 billion.Profit-Taking PressureThe initial surge attracted momentum-driven traders, contributing to the stock’s intraday peak. However, once investors began securing profits, the upward momentum reversed dramatically.A short squeeze phenomenon intensified both the ascent and subsequent decline. Elevated trading activity — with average daily volume exceeding 13.7 million shares — magnified price fluctuations in both directions.Company leadership also addressed a short-seller report that emerged earlier in the week. Announcements regarding potential U.S. redomiciling temporarily boosted investor confidence, though excitement waned without additional developments.Wall Street analysts have not significantly adjusted their price projections following Friday’s volatility. Technical indicators for the stock continue to signal a buy rating.Cramer’s Cautionary PerspectiveJim Cramer, veteran hedge fund manager and Mad Money host, advised investors to exercise restraint regarding POET.“Let’s not get ahead of ourselves with these recent announcements,” Cramer remarked. “POET’s got a joint development agreement. They’re not producing this stuff at scale.”He continued: “The stock’s trading like they’re already in mass production, and that bothers me. Just look at the numbers. POET’s financials make it look more of a science project than a business.”Cramer highlighted the substantial gap between laboratory-stage innovation and full-scale commercial manufacturing as the primary risk factor investors should carefully consider.POET’s current confirmed status: orders from Marvell secured, Foxconn and Luxshare responses awaited, Q3 shipment timeline established.The post POET Technologies (POET) Stock Soars Over 100% Following Marvell Partnership Announcement appeared first on Blockonomi.