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* Futures down: Dow 0.29%, S&P 0.13%, Nasdaq 0.07%

June 2 (Reuters) - The S&P 500 and the Nasdaq 100

futures edged lower on Tuesday after hitting a series of record

highs, while blowout results from Hewlett Packard Enterprise ( HPE ) and

a funding commitment from Alphabet underscored investor

confidence in the AI buildout.

HPE surged nearly 29% in premarket trading after the

AI server maker pulled forward its long-term financial targets

by two years. Rivals Dell and Super Micro Computer ( SMCI )

climbed 3.3% and 5.1%, respectively.

In further evidence of AI buildout, Alphabet said

it was looking to raise $80 billion in equity offerings,

including an investment from Berkshire Hathaway, to fund a

costly expansion of its AI infrastructure. Its shares slipped

nearly 2%.

Both the S&P 500 and the Nasdaq logged their eight straight

session of gains and closed at record levels on Monday, with

Nvidia ( NVDA ) rising more than 6% after it unveiled a new processor to

bring AI to personal computers.

Stronger-than-expected first-quarter results and enthusiasm

around AI have powered the U.S. stock rally.

Hopes for an end to the U.S.-Iran conflict and the reopening

of the Strait of Hormuz have also supported sentiment, though

recent flare-ups have raised concerns. Lebanon announced a

partial ceasefire between Hezbollah and Israel on Monday.

A prolonged conflict could stoke inflation, and push the

Federal Reserve toward tighter monetary policy and threaten Wall

Street's record run.

At 05:15 a.m. ET, Dow E-minis were down 150 points,

or 0.29%, and S&P 500 E-minis were down 10.25 points, or

0.13%. Nasdaq 100 E-minis were down 22.75 points, or

0.07%.

Marvell Technology's ( MRVL ) shares surged more than 21%

after Nvidia ( NVDA ) Chief Executive Officer Jensen Huang

called the chipmaker the next "trillion dollar company" at the

Computex conference in Taipei. Nvidia ( NVDA ) invested $2 billion in

Marvell ( MRVL ) in March.

U.S. job openings data is due at 10:00 a.m. ET, ahead of

Friday's pivotal employment report.

Investors will also watch out for comments from a voting

member of the Fed's rate-setting committee, Cleveland Fed

President Beth Hammack, later in the day for cues on the rate

outlook.

Money market pricing shows traders have all but priced out

rate cuts for 2026 and see growing odds of an eventual hike in

the face of mounting inflationary pressures.

(Reporting by Medha Singh in Bengaluru; Editing by Shinjini

Ganguli)