POET Technologies Inc ( POET ) 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.

POET Technologies ( POET ) stock is charging ahead with explosive momentum. Why is POET stock surging?

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 Secretary Pete Hegseth reassured 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 the ceasefire "certainly holds" and that U.S. ships successfully transited the Strait of Hormuz.

The update eased fears of a broader regional conflict and helped lift overall market sentiment, pushing investors back into growth and tech names.

Chip Stocks Catch A Tailwind From Supply‑Chain Developments

Semiconductor names are also benefiting from reports that the U.S. is working with allies to address the worsening global memory chip shortage. Nikkei Asia reported that the State Department is advancing the Pax Silica initiative, a supply‑chain coalition spanning Asia, Europe and the Middle East, to secure semiconductor and critical‑mineral production.

Officials highlighted ongoing collaboration with countries such as South Korea, Japan, India and the Philippines, with new industrial projects under discussion to expand chip‑related manufacturing capacity.

The prospect of coordinated action to ease memory‑chip constraints has sparked a rotation into growth stocks, lifting sentiment across the semiconductor space.

POET Shares Are Soaring

POET Price Action: POET shares were up 31.08% at $9.32 at the time of publication on Tuesday, according to Benzinga Pro.

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