* Futures up: Dow 0.44%, S&P 0.27%, Nasdaq 0.32%

* Nvidia ( NVDA ) gains on unveiling new chip to bring AI to

laptops

* Micron shares top $1,000 for the first time

* Friday's jobs reports, Broadcom ( AVGO ) results on deck this

week

(Updates with analyst comment, prices)

By Medha Singh and Twesha Dikshit

June 1 (Reuters) - U.S. stock index futures climbed on

Monday, supported by gains in Nvidia ( NVDA ) and Microsoft ( MSFT ) following

their latest AI initiatives as investors looked past lingering

uncertainty surrounding Middle East tensions.

Nvidia ( NVDA ) 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 ( MSFT ) to "reinvent the PC" for the AI era, Nvidia ( NVDA )

CEO Jensen Huang said. Microsoft ( MSFT ) shares added 3.3%.

Other PC chipmakers dropped. AMD and Intel fell more

than 4% each, Apple ( AAPL ) dipped nearly 1% and Qualcomm ( QCOM )

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 tothe three-month-old conflict.

Wall Street's main indexes closed May at record highs,

buoyed by hopes of an eventual end to the war and blowout

first-quarter earnings. Optimism around AI has helped boost U.S.

equities, but concerns over the economic impact from the

hostilities remain.

"We think the next phase for market gains is likely to be

characterized by a broadening of leadership beyond the mega

caps, increased rotation within equities, and more frequent

episodes of volatility as capital is reallocated," UBS analysts

said in a note.

Investors will turn to Friday's jobs report ahead of Kevin

Warsh's debut policy meeting as chairman of the U.S. Federal

Reserve this month, against the backdrop of rising inflation

fears linked to the Iran war.

Traders have priced in a near 70% chance of a quarter-point

rate hike before the end of the year.

At 06:48 a.m. ET, Dow E-minis rose 223 points, or

0.44%, S&P 500 E-minis added 20.75 points, or 0.27%, and

Nasdaq 100 E-minis were up 96.25 points, or 0.32%.

AI-server maker Dell last week forecast strong

results and focus will shift to Broadcom ( AVGO ) earnings on

Wednesday. Broadcom ( AVGO ) is the second-largest U.S. chipmaker by

market value after Nvidia ( NVDA ).

Comments from a slew of central bank officials and a beige

book report this week will also be watched before the Fed enters

its pre-meeting blackout period on Saturday.

In other company news, Cadence Design Systems ( CDNS ) rose

7.1% after launching an autonomous engineer for chip design,

powered by Nvidia ( NVDA ).

Taylor Morrison Home Corp ( TMHC ) jumped 22.1% after

Berkshire Hathaway ( BRK/A ) agreed to buy the homebuilder for

$6.8 billion in cash.

Micron rose 5.5% to $1,022, topping the $1,000 mark

for the first time. Its shares have soared nearly 90% in May.