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...
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Charles Hoskinson Says Buy This Stock As Neoclouds Suffer Nvidia's Crisis
CGI Inc. Price Target Raised to C$115.00/Share From C$100.00 by RBC Capital
Finland Turns Bitcoin Miners Into Discounted Home-Heating
New Zealand Dollar steadies around 0.5550 as US Dollar bulls take a break
Crypto prices
More
