US stocks-Wall St set for higher open as AI stocks rise, oil slides

The main US stock indexes were on track to rise at the open on Monday, boosted by AI-led gains, as Treasury yields retreated and crude prices tumbled more than 2% to hit an 11-day low on indications of progress in Middle East negotiations.

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 at the UN General Assembly.

Doomsday calls from the bosses of leading AI companies a week ago had sparked a rout, but the concerns seemed to dissipate on Monday as investors focused on signs that spending on developing the technology was still expanding.

Chip companies such as Intel rose 5.7%. Marvell added 2.8%, while Meta and Dell advanced 2.3% each in premarket trading. Accenture also gained and was up 4.6% after partnering with Anthropic to invest $2 billion in AI evaluation.