Market moving insight and analysis join Jim Kramer, David Faber, and me, Carl Kintanilla,

on the opening bell hour of CNBC Squawk on the Street.

Good Wednesday morning. Welcome to Squawk on the Street. I'm Carl Kintania with Jim Kramer and

David Faber at Post 9 of the New York Stock Exchange. Futureures a bit soft amid some lumpy corporate earnings guidance and continued worries about trade relations with China.

Ten-year yield now the lowest since mid-December as bonds focus a bit on the growth implications.

Our roadmap begins with the AI arms race, though, as spending continues to ramp, Alphabet and AMD, delivering the latest

read on the AI boom. Plus Apple shares are under pressure this morning. China is reportedly

considering a probe into the company's App Store practices, and Uber sees its, quote,

strongest quarter ever. Booking's outlook, though, perhaps seeing as being a bit disappointing,

at least if you look at the pre-market for the stock. We're going to discuss all that and a lot more

with Uber's CEO in just a few minutes. Let's begin with Alphabet today under pressure this morning

after posting a quarterly revenue miss heard in part by a slowdown in cloud. Company also

announcing plans to invest 75 billion in CAPEX this year.

That's a big revision above street forecast.

This is what the CFO had to say about that spending strategy on the earnings call last night.

If we expend our AI efforts, we expect to increase our investments in capital expenditure

for technical infrastructure, primarily for servers followed by data centers

and networking. We expect to invest approximately $75 billion in CAPEX in 2025, with approximately

$16 billion to $18 billion of that in the first quarter. The expected total investment level

may fluctuate from quarter to quarter,

primarily due to timing of deliveries and construction schedules. Jim, that's about a 30% revision

higher. Metas was only 20% revision hire. You're listening to the call and you're thinking,

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