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Futures off: Dow 0.06%, S&P 500 0.21%, Nasdaq 0.38%

Feb 25 (Reuters) - U.S. stock index futures slipped on

Tuesday, led by weakness across chip companies and megacaps, as

investors digested fresh tariff comments from President Donald

Trump and Nvidia dropped 1.5% a day ahead of its keenly awaited

results.

At 05:31 a.m. ET, Dow E-minis were down 28 points,

or 0.06%, S&P 500 E-minis were down 12.5 points, or

0.21%, and Nasdaq 100 E-minis were down 81.25 points, or

0.38%.

Investors assessed a report that the U.S. was planning to

further restrict the quantity and types of Nvidia chips that can

be exported to China without a license. The report also said

Washington was consulting with allies including Japan and the

Netherlands regarding chip controls over China.

Other semiconductor stocks in the red included Broadcom ( AVGO )

, down 0.8%, and Advanced Micro Devices ( AMD ), down

0.9%. Chip gear makers Lam Research ( LRCX ) and Applied

Materials ( AMAT ) also declined 0.7% and 0.5%, respectively.

Nvidia's results on Wednesday will be key for the sector, at

a time when investors are questioning the industry's hefty

spending on AI after news of low-cost competition from China's

DeepSeek rattled markets in January. The S&P 500 technology

sector is on track for its biggest monthly decline

since April.

Also tempering risk-taking, President Trump said late on

Monday that tariffs on Canadian and Mexican imports were "on

time and on schedule", ahead of a March 4 deadline. The U.S. and

China are already in a trade war.

Trump also signed an order over the weekend to restrict

Chinese investments in strategic areas including semiconductors,

artificial intelligence, quantum, biotechnology and aerospace.

Along with the potential global impact of these tariffs,

investors are also wary about signs that the U.S. economy is

stalling and Federal Reserve caution around cutting interest

rates further.

Wall Street's three main indexes are poised for declines in

2025.

Interest rate futures currently point to a cut of 25 basis

points in July and traders are pricing in another reduction

before the end of the year, according to data compiled by LSEG.

On the data front, the Conference Board's gauge for consumer

confidence is due at 10 a.m. ET, days after the University of

Michigan's index showed consumer sentiment deteriorating.

Late on Monday, Chicago Fed President Austan Goolsbee said

the Fed needs more clarity on the total economic impact of the

Trump administration's new policies before it can act.

Markets will also hear perspectives from policymakers Lorie

Logan, Thomas Barkin and Fed Vice Chair for Supervision Michael

Barr through the day.

Crypto stocks also fell, with Coinbase down 6% and

MicroStrategy ( MSTR ) down 6.9% tracking bitcoin prices

that touched a more than three-month low.

Chegg ( CHGG ) slumped 23% after the education company said

it was considering a sale or take-private deal as Alphabet's

Google internet search engine was eroding demand for

original content.

Zoom Communications ( ZM ) lost 2.9% after forecasting

annual revenue below estimates, while U.S.-listed shares of Li

Auto ( LI ) jumped 15% after unveiling its first electric SUV

i8.

(Reporting by Johann M Cherian in Bengaluru; Editing by Devika

Syamnath)