Futures Rise as Nvidia (NVDA), Microsoft (MSFT) AI Push Counters Iran War Worries

U.S. stock index futures advanced on June 1, 2026, as AI announcements from Nvidia and Microsoft helped offset anxiety over escalating U.S.-Iran hostilities. Nvidia climbed 1.6% in premarket trading after unveiling a new AI chip for laptops and desktops, set for release this fall. Microsoft shares gained 2.8% following its partnership role in the three-year development effort. Rival chipmakers AMD and Intel fell 3.4% and 2.9%, respectively. Oil prices rose as fresh attacks between the U.S. and Iran clouded ceasefire prospects. Dow E-minis added 143 points, or 0.28%, S&P 500 E-minis rose 0.23%, and Nasdaq 100 E-minis gained 0.29%. Beyond the AI buzz, attention turns to Friday's jobs report and Federal Reserve Chair Kevin Warsh's first policy meeting, with traders pricing a 70% chance of a quarter-point rate hike this year. Broadcom's results on Wednesday and Fed speeches will also be in focus before the pre-meeting blackout. Micron Technology topped $1,000 per share for the first time, rallying 5.3%.