* Indexes up: Dow 0.76%, S&P 500 0.73%, Nasdaq 0.76%

* Russell 2000 index rises 1.8%

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

center lease

* Consumer prices data, SpaceX market debut on watch this

week

(Updates after market open)

By Joel Jose and Twesha Dikshit

June 9 (Reuters) - Wall Street's major indexes advanced on

Tuesday, as technology stocks rose for a second day after last

week's rout, and easing hostilities in the Middle East aided

sentiment.

Shares of chipmakers Intel ( INTC ), Broadcom ( AVGO ) and

Micron Technology ( MU ) added between 1.5% and 3.2%.

Applied Digital ( APLD ) jumped almost 11% after signing a

$5.2 billion AI data center lease with a U.S.-based hyperscaler.

The Philadelphia SE Semiconductor index gained 2.3%,

while the S&P 500 tech index rose 0.7%.

Technology and AI stocks came under pressure last week,

after Broadcom's ( AVGO ) disappointing forecast fueled concerns about

high valuations in the sector, particularly in chipmakers, which

have rallied strongly this year.

"The reason why I think the market's holding on pretty well

is that analysts are still not finished raising their guidance,"

said Ken Mahoney, CEO of Mahoney Asset Management.

Despite concerns about interest rate hikes, inflation and

uncertainty in the Middle East, strong earnings expectations,

particularly for tech stocks, were driving markets higher,

Mahoney added.

Eight of the 11 major S&P 500 sectors moved higher, with

consumer discretionary gaining the most, up 1.6%.

Alphabet and Meta rose about 2% each,

aiding the communication services index that moved

1.4% higher.

Iran and Israel said on Monday 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 09:42 a.m. ET, the Dow Jones Industrial Average

rose 383.86 points, or 0.76%, to 51,169.87, the S&P 500

gained 54.33 points, or 0.73%, to 7,460.06 and the Nasdaq

Composite advanced 196.75 points, or 0.76%, to

26,126.41.

The small-cap Russell 2000 index climbed 1.8%.

Optimism surrounding AI and strong growth expectations have

underpinned Wall Street's record run in recent weeks, with

investors now turning to highly anticipated IPOs, including

SpaceX and ChatGPT maker OpenAI.

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

however, also 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.

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.

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

concerns that the Federal Reserve will raise interest rates this

year. Traders are pricing in a 43% chance of a 25 basis point

rate hike in December, as per CME Group's FedWatch tool.

Among other movers, 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.

Advancing issues outnumbered decliners by a 3.16-to-1 ratio

on the NYSE, and by a 2.99-to-1 ratio on the Nasdaq.

The S&P 500 posted 16 new 52-week highs and 4 new lows,

while the Nasdaq Composite recorded 94 new highs and 48 new

lows.

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

Bengaluru; Editing by Shinjini Ganguli)