US stocks-Wall St futures rise as AI stocks rally, crude prices fall

Sep. 21 (Reuters) - US stock futures were higher on Monday, driven by gains in AI shares as Treasury yields took a beating and oil slid 2% to hit an 11-day low on signs of progress in Middle East talks.

While Washington and Tehran continued to exchange new threats through the weekend, US President Donald Trump said he would be open to meeting Iranian President Masoud Pezeshkian, who is expected in New York this week for the UN General Assembly.

Doomsday calls from bosses at top AI companies a week ago had sparked a rout, but those concerns seemed to dissipate on Monday as investors focused on indications spending on developing the technology was still expanding.

Chip companies such as Intel rose 5.3%. Marvell added 2.2%, Meta climbed 2.6% and Dell advanced 2.3%. Accenture also gained and was up 6.1% after partnering with Anthropic to invest $2 billion in AI evaluation.