POET Technologies Inc. experienced a 24-hour soar of 10.84% as the company announced a major commercial breakthrough with a strategic supply agreement. The stock movement occurred across multiple trading sessions, reflecting strong investor enthusiasm for the company's latest partnership.

The surge was driven by POET Technologies' announcement of a supply agreement with Lumilens that establishes a joint development and commercial technology partnership focused on wafer-level photonic integration for frontier AI infrastructure. As part of the agreement, Lumilens placed an initial purchase order valued at $50 million for the manufacturing of Electrical-Optical Interposer-based engines, with the potential for cumulative purchases to scale to $500+ million over five years.

This partnership represents a significant commercial milestone for POET Technologies, validating its Optical Interposer platform and positioning the company as a key supplier in the rapidly growing AI infrastructure market. The agreement also includes a warrant for Lumilens to purchase up to approximately 22.9 million POET common shares, further aligning both companies to the long-term success of the partnership aimed at addressing manufacturing constraints in optical engine production through wafer-level processing technology.