Getty ImagesListen below or on the go via Apple Podcasts and SpotifyCelestica slides despite stronger earnings and upbeat guidance. (0:15) POET extends losses after Marvell-linked meltdown. (1:25) German Chancellor slams U.S. strategy on Iran. (2:30)The following is an abridged transcipt:Celestica (CLS) is slumping in premarket trading even after posting Q1 earnings and guidance that topped estimates.In what looks like a case of good — but not good enough — the AI infrastructure play reported EPS of $2.16, ahead of the $2.09 forecast, on revenue of $4.05B, roughly in line with expectations. Shares had surged more than 40% year to date and about 350% over the past 12 months.For Q2, Celestica expects EPS between $2.14 and $2.34, above the $2.13 consensus. Sales are projected between $4.15B and $4.45B, with the midpoint topping the $4.18B estimate.CEO Rob Mionis said the company’s 2027 outlook continues to strengthen, citing accelerating growth in cloud connectivity and advanced technology solutions.Seeking Alpha analyst Kumquat Research upgraded the stock to Strong Buy following the results, noting that as an original design manufacturer rather than a silicon designer, “its growth will likely be more modest than some of its peers.”“But what it lacks in explosive growth, it makes up for with lower risk and a manufacturing moat that will be hard to cross,” the analyst added, calling CLS a differentiated value play within a high-beta AI portfolio.Meanwhile, loose lips sink stocks.POET Technologies (POET) is extending losses in premarket trading after plunging nearly 50% in the prior session.The company disclosed Monday that it lost a contract with Celestial AI, which has since been acquired by Marvell Technology (MRVL) – essentially for talking up the deal.“As the basis for the cancellation, Marvell indicated that the Company had made disclosures of information related to the purchase order and shipping details in contravention of its confidentiality obligations,” POET said.Shares had previously surged amid speculation tying the company to Marvell and Nvidia’s (NVDA) hardware ecosystem. CFO Thomas Mika later confirmed the Marvell relationship in an interview with Stocktwits.“We’ve got a purchase order from them that we’re gonna ship against and we intend to continue that relationship and build it over time,” Mika said, noting the order was linked to Celestial AI.“When you’re dealing with large companies who have committed to designing modules using your components, sometimes you hear from them, and sometimes you don’t,” he added. “We expect to hear back from at least one of those.”POET now says it remains focused on executing its strategic priorities and advancing product development in AI and optical networking.And in geopolitics, German Chancellor Friedrich Merz said the Iranian leadership is humiliating the U.S., arguing Washington “quite obviously went into this war without any strategy.”“The Iranians are obviously negotiating very skillfully — or simply very skillfully not negotiating,” Merz said during a visit to a school in western Germany. “A whole nation is being humiliated by the Iranian leadership.”He added that U.S. officials “have no truly convincing strategy,” noting American envoys traveled to Pakistan earlier this month without tangible results.Merz also reiterated that Europe was not consulted before the U.S. and Israel launched a joint attack on Iran on Feb. 28, saying he later conveyed his skepticism directly to President Trump.“If I’d known that this would go on for five or six weeks and get progressively worse, I would have made my point more forcefully,” he said. “The problem with conflicts like this is always the same — you don’t just get in, you also have to get out. We saw that very painfully in Afghanistan and Iraq.”Merz added that the conflict is directly affecting Germany’s economy and is “costing us a great deal of money,” calling for it to end “as soon as possible.”Now Here’s What’s Trending on Seeking Alpha:Bed Bath & Beyond (BBBY) is jumping after recording its first quarter of significant revenue growth in nearly five years.Foreign automakers may pull their cheapest cars from the U.S. absent a free trade deal.Nvidia (NVDA) poaches Intel’s (INTC) chief accounting officer.In premarket trading, stock index futures (SPX) (INDU) (US100:IND) are modestly higher as traders brace for another wave of big-name earnings — including old-school blue chips like GM (GM) and Coca-Cola (KO).Treasury yields are ticking up as the Fed begins its two-day meeting, which will be the last chaired by Jay Powell — though not necessarily his final meeting as a governor.On the economic calendar:9:00 a.m. ET — Case-Shiller Home Price Index (Feb)10:00 a.m. ET — Consumer Confidence (March)