* Futures up: Dow 0.27%, S&P 500 0.47%, Nasdaq 0.76%

* Applied Digital ( APLD ) rises after signing $5.2 billion AI data

center lease

* Consumer prices data, SpaceX market debut on watch this

week

(Updates with analyst comment, prices)

By Joel Jose , Sruthi Shankar and Twesha Dikshit

June 9 (Reuters) - U.S. stock index futures rose on Tuesday,

as chip stocks extended gains for a second day, while easing

hostilities in the Middle East also aided sentiment.

Nasdaq futures led gains in early trading, with shares of

chipmakers Marvell Technology ( MRVL ), Broadcom ( AVGO ) and

Micron Technology ( MU ) rising between 1.1% and 4.1% premarket,

extending their rebound after Friday's sharp selloff.

Iran and Israel said on Monday that they had halted attacks

on each other after an appeal from U.S. President Donald Trump,

settling back into a tenuous ceasefire announced on April 8.

Oil prices fell more than 2%, erasing most of the previous

session's gains, though caution lingered as diplomatic efforts

have yet to yield a lasting peace agreement and the Strait of

Hormuz remains shut.

At 06:57 a.m. ET, Dow E-minis were up 138 points, or

0.27%, S&P 500 E-minis were up 34.5 points, or 0.47%,

and Nasdaq 100 E-minis were up 224.75 points, or 0.76%.

Technology and AI stocks came under sharp selling pressure

last week, after Broadcom's ( AVGO ) disappointing forecast fueled

concerns about high valuations in the sector, particularly

chipmakers that have rallied strongly this year.

"The long-term drivers behind the bull market - strong

earnings growth, AI investment and resilient economic activity -

remain intact," said Daniela Hathorn, senior market analyst at

Capital.com.

"However, after a rally that pushed the Nasdaq more than 30%

higher in just over two months, investors are becoming more

sensitive to inflation, interest rates and geopolitical risks."

A stronger-than-expected jobs report on Friday also added to

concerns that the Federal Reserve will raise interest rates this

year.

Consumer prices data for May, due on Wednesday, will be

closely watched for fresh clues on how the rise in energy prices

due to the Iran war is impacting inflation.

SpaceX's $1.75 trillion market debut on Friday could also

prove to be a hurdle for U.S. stocks as investors worry about

possible overexuberance among high-growth technology stocks.

Elon Musk's SpaceX is aiming to raise $75 billion, the most ever

for an IPO.

ChatGPT maker OpenAI said on Monday it had confidentially

filed for a U.S. initial public offering, joining rival

Anthropic in a push toward public markets.

Applied Digital ( APLD ) rose 11.5% after it signed a

15-year lease with a U.S.-based hyperscaler at its Delta Forge 2

site, which is expected to generate about $5.2 billion in

revenue over the period.

Shares of cancer drug developer Nuvalent ( NUVL ) surged

almost 40% after GSK agreed to buy the company for $10.6

billion, in its largest deal in years, valuing Nuvalent ( NUVL ) at about

$124 per share, a 40% premium to the stock's last closing price.

(Reporting by Joel Jose, Sruthi Shankar and Twesha Dikshit in

Bengaluru; Editing by Shinjini Ganguli)