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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…
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