POET Technologies Stock Climbs 31% As Oil Slides And Ceasefire Holds

shares are skyrocketing on Tuesday as semiconductor and chip stocks rally across the board. The sector is catching a bid from a pullback in oil prices and renewed optimism around U.S. efforts to address the global memory chip shortage. Here's what you should know.

Easing Geopolitical Tension Boosts Risk Appetite

A major driver of today's move is the sharp drop in oil prices after comments from U.S. Defense SecretaryPete Hegsethreassured markets that the ceasefire with Iran remains intact. According to CNBC, Brent crude fell more than 2% and WTI dropped over 3% after Hegseth said...