How AI and Oil Price Drops Drove Kospi 6% Rally and Nikkei Records — Market Wrap May 7

Today's AI insights from 7horns.ai reveal a stunning global market rally led by Asia's Kospi soaring over 6% to a record high and Japan's Nikkei 225 surging 5.5% after its Golden Week break. The AI-driven tech rally combined with a sharp drop in oil prices, sparked by hopes for a US-Iran peace deal, fueled optimism worldwide. In the US, all three major indexes closed at record highs yesterday, with the S&P 500 up 1.46%, Nasdaq 100 gaining 2.08%, and Dow Jones rising 1.24%. Notable stock movers included Super Micro Computer, which jumped 24.5% on strong earnings and outlook, Advanced Micro Devices surging 18.5% on robust data center revenue, and Nvidia rallying nearly 6%. Oil prices tumbled over 7%, easing inflation fears and boosting consumer sectors, while gold climbed over 3% as a safe haven. With US futures flat ahead of today’s open, markets appear poised to digest yesterday’s gains as investors watch for further AI momentum and Federal Reserve commentary. AI insights powered by 7horns.ai — the world's first true AI research financial assistant. Our CNN machine learning model delivers daily stock market analysis with over 60% accuracy, beating the S&P 500 by 300% from 2021–2025. No human emotions, just pure AI-driven financial research. Visit 7horns.ai for your free daily AI insights.