How US-Iran tensions sent oil up 3% while semis see a pre-market retreat — Market Wrap May 12

Today's AI insights from 7horns.ai highlight a cautious market tone on May 12, 2026, with crude oil futures surging over 3% following President Trump's comments that the US-Iran ceasefire is "on life support." This geopolitical catalyst has driven energy prices higher, overshadowing mixed pre-market signals in US equities. Semiconductor stocks, which rallied strongly yesterday with Qualcomm up 8.1% and Micron 6.5%, are pulling back in pre-market trading by about 2.2% each. Nvidia continues to extend gains with a near 2% rise. Meanwhile, tech giants like Alphabet and Meta declined due to regulatory concerns and heavy AI spending worries, falling 3% and nearly 2%, respectively. Shopify's post-earnings slide deepened with a 7% drop following weaker guidance. Quantum Computing Inc. stood out with a 16.5% jump on strong earnings and AI sector optimism. Investors are also focused on today's April Consumer Price Index data, which may influence Federal Reserve policy amid Powell's term ending soon. 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.