TOKYO, May 11 (Reuters) - The Nikkei index rose to a record high early on Monday before giving up its gains and falling back as the Middle East crisis overshadowed optimism about corporate earnings and investment in the technology sector.

The Nikkei index fell 0.1 percent to 62,666.57 points, after climbing to an all-time high of 63,385.04 points earlier in the session.

The broader Topix index rose 0.23 percent to 3838.26 points.

Wall Street rose to record highs on Friday, boosted by shares of artificial intelligence companies such as Nvidia and SanDisk.

This optimism extended to Asia, with shares of Japanese chipmaker Kioxia jumping on Monday after rising 22 percent last week.

Shares of video game maker Konami Group and Japan Tobacco were among the biggest gainers on the Nikkei index after both companies reported strong earnings late Friday.

Japanese stocks relinquished their early gains after US President Donald Trump rejected Iran's response to a proposed peace talks, dashing hopes of ending the conflict that has driven up global energy costs. Data released on Friday showed that soaring gasoline prices pushed US consumer confidence to a record low in early May.

Nintendo's stock was among the biggest losers, falling 6.5 percent after the company raised prices for its Switch 2 video game console.