Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications
The fact that Warren Buffett is buying chip stocks could be bullish for Canada’s own chip industry. If you look at Canadian chip companies like POET Technologies (TSXV:PTK), you’ll see that they’re down for the year.
POET makes incredibly specialized semiconductor solutions for telecommunications. It’s an ultra-specialized service useful in optical engines, data centres, 5G networks, and more. Obviously, a market exists for POET’s products. It’s even generating revenue and growing it on a year-over-year basis. But thanks to the sluggishness in tech stocks this year, it hasn’t seen much interest from investors. This could change. With a big player like Warren Buffett buying chip stocks, you never know who will start buying them in big volume. That in itself is no reason to run out and buy POET, but it is cause for tentative optimism.
Before you consider Poet Technologies Inc., you'll want to hear this.
Our market-beating analyst team just revealed what they believe are the 5 best stocks for investors to buy in November 2022 ... and Poet Technologies Inc. wasn't on the list.
The online investing service they've run for nearly a decade, Motley Fool Stock Advisor Canada, is beating the TSX by 15 percentage points. And right now, they think there are 5 stocks that are better buys.