POET Technologies is trading 7.51% higher at $4.58 as sector-wide buying supports the move.

  • U.S. chip stocks rebounded in premarket trading on November 6 following Thursday’s sharp sell-off; the semiconductor ETF rose nearly 5% before the open.
  • Available reports point to a broad industry move rather than a new company-specific catalyst. POET Technologies’ next scheduled results are November 16.