POET Technologies Inc is trading 27.1% down at $11.27 in after-hours trading, extending a sharp regular-session decline driven by securities-fraud class action headlines and broader semiconductor sector weakness.
- Investors are reacting to mounting legal overhang following reports of a class action lawsuit, adding to the pressure from a risk-off move in growth and chip stocks.
- The decline follows several highly volatile sessions this week, as major indices see steep drops and market sentiment shifts away from high-growth technology names.