On June 2, POET Technologies rose 9% in pre-market trading, trading at $15.14/share with trading volume of $6.26 million. The stock extends its strong rebound from the previous session, where it gained 8.13%, recovering from the late-May optical communications sector pullback that had driven the stock below $12.

The sustained rally comes amid growing investor confidence in the company's commercialization trajectory. POET secured a $400 million investment in May and reached a $500 million procurement agreement with Lumilens, marking a significant acceleration of its Optical Interposer platform's commercial deployment. A recent investment research report issued a target price of $18-22, highlighting the platform's ability to reduce assembly costs by 70% and achieve 90% yield rates versus the industry average of 70%. Within the Semiconductors sector, Broadcom led gains at 6.59% and NVIDIA rose 1.4%, while Intel fell 1.65%.

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