(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.)

* Lyft rises on cost cuts, Q4 profit beat

* Uber unveils $7 billion share buyback plan

* Robinhood up on surprise Q4 profit, sees strong 2024 rev growth

* Crypto stocks jump, bitcoin crosses $1 trillion market cap

* Futures up: Dow 0.32%, S&P 0.50%, Nasdaq 0.61%

Feb 14 (Reuters) -

Wall Street's main indexes were set to rebound on Wednesday from a selloff in the previous session after a hot inflation report clouded the timing for the Federal Reserve's first interest-rate cut this year.

Shares of rate-sensitive megacaps Alphabet, Microsoft, Meta Platforms and chip companies Nvidia and Advanced Micro Devices gained between 0.7% and 1.5% in premarket trading, as yields on U.S. Treasury notes eased slightly from more than two-month highs.

The indexes had slumped to over one-week lows on Tuesday and the blue-chip Dow posted its worst day in 11 months, as core consumer prices in January stayed at nearly double the Fed's 2% target, forcing investors to reassess their rate cut expectations.

"What's most disconcerting, is the pick up in inflation almost across the board, and certainly in the service side, obviously the hottest part of the economy," said Paul Nolte, senior wealth advisor and market strategist for Murphy & Sylvest.

"I'm not ready to say that inflation is returning back to the 4%-5% level, nor am I ready to say it's just a bump in the road heading down back down to 2%."

Euphoria around an early start to monetary policy easing had fueled a Wall Street rally since November, paving the way for a bull market for the S&P 500 this year.

However, policymakers might have to wait a bit longer for more evidence of easing price pressures in the face of a resilient U.S. economy.

Bets for an at least 25-basis-point rate reduction in May stood at 33.1%, down from 63% earlier in the week, while expectations for June stood at 78.6%, the CME FedWatch tool showed.

Markets will be keen on what central bankers have to say on the policy outlook after Tuesday's data. Remarks from Chicago Fed President Austan Goolsbee and Vice Chair for Supervision Michael Barr are expected through the day.

At 8:39 a.m. ET, Dow e-minis were up 124 points, or 0.32%, S&P 500 e-minis were up 24.75 points, or 0.5%, and Nasdaq 100 e-minis were up 108 points, or 0.61%. Futures tracking small-caps also gained 1.3%.

Among top movers, Lyft surged 20.4% after the ride-hailing platform's profit beat estimates and it said it would generate positive free cash flow for the first time in 2024.

Rival Uber gained 7.5%, also boosted by a $7-billion share buyback plan.

Robinhood Markets jumped 14.7% following a surprise fourth-quarter profit, while Kraft Heinz lost 3% after missing fourth-quarter sales expectations.

Intuitive Machines fell 1.4% after the aerospace firm's planned launch of a robotic moon lander was delayed for at least a day, less than two hours before liftoff time on Wednesday.

AI-driven lending platform Upstart dropped 13.9% on a downbeat first-quarter revenue forecast.

Crypto stocks like Coinbase, Marathon Digital and Riot surged between 7% and 13% as bitcoin's market value crossed $1 trillion for the first time since Nov. 21.

(Reporting by Johann M Cherian and Ankika Biswas in Bengaluru; Editing by Maju Samuel and Arun Koyyur)