By By Medha Singh and Twesha Dikshit
Publication Date: 2026-06-01 11:15:00
By Medha Singh and Twesha Dikshit
June 1 (Reuters) – U.S. stock index futures climbed on Monday, supported by gains in Nvidia and Microsoft following their latest AI initiatives as investors looked past lingering uncertainty surrounding Middle East tensions.
Nvidia rose 2.4% in premarket trading after the world’s most valuable company unveiled a new chip, set for release this fall, which brings AI capabilities to laptops and desktops.
The chip is a result of a three-year partnership with Microsoft to “reinvent the PC” for the AI era, Nvidia CEO Jensen Huang said. Microsoft shares added 3.3%.
Other PC chipmakers dropped. AMD and Intel fell more than 4% each, Apple dipped nearly 1% and Qualcomm tumbled 8.6%.
The broader mood was somber and oil prices climbed after the latest attacks between the U.S. and Iran raised concerns over efforts to negotiate an end to the three-month-old conflict.
Wall Street’s main indexes closed May at record highs,…
