Serenity: POET's market cap has approached its net cash position, as AI concept stocks suffer a significant sell-off.

BlockBeats news, November 3 - Serenity posted that AI-related stocks have fallen sharply. POET Technologies currently has a market cap of approximately $829.7 million, while its net cash is about $788 million. The market cap has approached its net cash level and is below its book value of $847.5 million.

He pointed out that several months ago, institutions injected $400 million into POET at $21 per share, with warrants exercisable at $26.25 at that time, while the stock price has now fallen back to about $4.8. To return to the previous financing price, POET's stock price still needs to rise by about 337.5%. Market pessimism toward growth companies has reached extreme levels, with some companies' valuations even approaching liquidation value.