(For a Reuters live blog on U.S., UK and European stock

markets, click/ or type LIVE/ in a news window.)

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Nike ( NKE ) gains after Jefferies upgrades to 'buy'

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Berkshire Hathaway's class B shares gain after co posts

record

Q4 profit

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Domino's Pizza falls after missing Q4 same-store sales

estimates

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Futures up: Dow 0.73%, S&P 500 0.5%, Nasdaq 0.39%

(Updates with results from Domino's Pizza)

By Johann M Cherian and Sukriti Gupta

Feb 24 (Reuters) - U.S. stock index futures rose on

Monday after a sharp selloff in the previous week, while Apple ( AAPL )

dipped as the iPhone maker's $500 billion investment plan fanned

concerns of Big Tech overspending on artificial intelligence.

Chip stocks such as Nvidia ( NVDA ) and Micron

rose more than 1.2% each. Nvidia's ( NVDA ) quarterly results are

expected on Wednesday, putting semiconductor stocks in the

spotlight for the week.

The artificial intelligence bellwether's forecast is likely

to set the tone on Wall Street, after the launch of low-cost AI

models from China's DeepSeek in January raised questions around

hefty AI spending by Western companies.

"Despite the emergence of large language models which

are cheaper to run, other signs, including huge infrastructure

investment plans from tech giants like Meta, indicate that

Nvidia's ( NVDA ) high-end chips will remain in demand," said Susannah

Streeter, head of money and markets at Hargreaves Lansdown.

Apple ( AAPL ) slipped 0.8% after the iPhone maker

unveiled planned investments to help bring online a factory in

Texas by 2026 to build AI servers and add about 20,000 research

and development jobs across the U.S.

At 06:57 a.m. ET, Dow E-minis were up 319 points,

or 0.73%, S&P 500 E-minis were up 30.25 points, or 0.5%,

and Nasdaq 100 E-minis were up 84.25 points, or 0.39%.

Wall Street's major gauges registered weekly losses on

Friday, after a batch of weak economic data and a disappointing

forecast from Walmart ( WMT ) sparked concerns that the world's

largest economy was stalling. The benchmark S&P 500 and a

smallcaps index marked their worst daily declines of

2025.

On Monday, however, most megacaps ticked higher in premarket

trading, with Amazon.com ( AMZN ) and Microsoft ( MSFT ) adding

over 0.4% each. Financial stocks listed on the Dow, such as

Goldman Sachs and American Express, gained more

than 1.2% each.

On the data front, the Personal Consumption Expenditure

index - the Federal Reserve's preferred inflation gauge - is

expected on Friday and could help markets gauge the timing of

the central bank's first rate cut this year.

Interest rate futures indicate the Fed will leave borrowing

costs unchanged for the first half of the year, according to

data compiled by LSEG.

Following Friday's soft data, markets will also be keen on

the Conference Board's report on consumer sentiment and the

second estimate on quarterly gross domestic product, due later

in the week. Remarks from at least nine Fed policymakers will

also be parsed.

Among other movers, Berkshire Hathaway's Class B shares

rose 1.4% after the Warren Buffett-owned conglomerate

reported a record annual profit over the weekend.

Nike ( NKE ) added 2.5% after Jefferies raised its rating on

the athletic apparel maker to "buy" from "hold", while Domino's

Pizza fell 3.6% after the pizza chain missed

expectations for fourth-quarter same-store sales.

Markets are also on edge for any tariff comments from U.S.

President Donald Trump, with his one-month reprieve on Mexican

and Canadian tariffs nearing its end.

(Reporting by Johann M Cherian and Sukriti Gupta in Bengaluru;

Editing by Maju Samuel and Devika Syamnath)