(Updates to midafternoon, adds analyst comments and market

details)

* Marvell Technology ( MRVL ) set to join S&P 500, shares jump

* Tech shares lead gains following Friday's selloff

* Indexes up: Dow 0.01%, S&P 500 0.6%, Nasdaq 1.3%

By Caroline Valetkevitch and Sruthi Shankar

June 8 (Reuters) - U.S. stocks rose on Monday, led by gains

in the Nasdaq and chipmakers as investors sought bargains after

Friday's sharp selloff.

Investors also were relieved by signs of cooling tensions in the

Middle East. Iran and Israel said they had halted attacks on

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

they immediately "stop shooting."

The attacks over 24 hours were the most direct confrontation

between Iran and Israel since an April ceasefire in the war.

S&P 500 technology led gains among sectors, increasing

1.8%, while the Philadelphia SE Semiconductor Index

advanced 6.2%, rebounding from Friday's losses that wiped out $1

trillion in market value for U.S.-listed chipmakers.

Intel ( INTC ) shares jumped 12% after news website the

Information reported that Alphabet's Google had placed

an order to manufacture more than 3 million tensor processing

units in 2028.

"Today looks like a day where investors are doing a little

bit of bargain hunting off the big tech selloff," said Rick

Meckler, partner at Cherry Lane Investments, a family investment

office in New Vernon, New Jersey. "What normally happens after

that is you get analysts coming in and reiterating buys."

He added: "This market has been priced for quite a while for

perfection, and these are certainly imperfect times. In that

environment, you are going to see some back-and-forth, and some

fear of prices having gone too far."

Stocks sold off late last week after hitting a series of record

highs recently. Underwhelming results from chipmaker Broadcom ( AVGO )

last week had raised concerns that the chip sector was

growing too fast, while much stronger than expected jobs data

for May contributed to Friday's rout, as traders priced in

interest rate increases this year. Broadcom ( AVGO ) shares were up 2.3%

on Monday.

The Dow Jones Industrial Average rose 6.62 points, or

0.01%, to 50,871.37, the S&P 500 rose 47.67 points, or

0.63%, to 7,430.49 and the Nasdaq Composite rose 329.47

points, or 1.27%, to 26,036.94.

Also, Apple ( AAPL ) CEO Tim Cook launched the company's

annual Worldwide Developers Conference by saying the day's

announcements will center on Apple Intelligence and Siri. Apple ( AAPL )

shares were last down 1.4%.

Among other movers, Marvell Technology ( MRVL ) jumped almost

15% with the chipmaker set to join the benchmark S&P 500 before

the start of trading on June 22.

Looking ahead this week, SpaceX's initial public

offering on Friday could also prove a major test for U.S. stock

markets, with investors wary of possible overexuberance.

Eli Lilly ( LLY ) advanced 2.7% after the drugmaker's trial

results showed its next-generation obesity drug, retatrutide,

curbed sleep apnea severity in addition to boosting weight loss

and helping knee pain.

On the Nasdaq, 2,765 stocks rose and 1,908 fell as advancing

issues outnumbered decliners by about a 1.45-to-1 ratio. There

were 127 new highs and 163 new lows.

On the New York Stock Exchange, advancing issues outnumbered

declining ones by a 1.3-to-1 ratio. There were 105 new highs and

126 new lows.