Hut 8 Corp (NASDAQ:HUT) shares are trading sharply higher on Wednesday. The jump comes as broader markets react to easing geopolitical tensions and a recovery in the cryptocurrency sector.
The Nasdaq is up 2.92% while the S&P 500 has gained 2.36%.
Ceasefire News Ignites Tech Optimism
Investor sentiment shifted positively following reports of a tenuous ceasefire agreement between President Donald Trump and Iran, despite Israel’s ongoing attacks against Lebanon.
Still, traders are betting on a swifter end to the Middle East conflict, reducing the macro risk premium that has weighed on high-growth …