POET Technologies stock jumps 31% as oil prices fall and chip supply optimism grows

POET Technologies shares surged 31.08% to $9.32 amid a broad rally in semiconductor stocks driven by a sharp drop in oil prices and easing geopolitical tensions. U.S. Defense Secretary's comments on a stable ceasefire with Iran helped reduce market fears, while the U.S. government's collaboration with allies to tackle the global memory chip shortage boosted investor confidence. The Pax Silica initiative aims to expand chip manufacturing capacity across Asia, Europe, and the Middle East, supporting growth in the semiconductor sector. This positive momentum may continue as supply-chain improvements and geopolitical stability persist.