It's Jim Kramer here. You're listening to the opening bell of CBC's Squawk on the Street.

Don't miss a minute of the action. Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Canton-Aye with Jim Kramer at Post 9 of the New York Stock Exchange. David Faber is on assignment. NVIDIA's stellar quarter and guidance will push S&P NASDAQ further into record territory today. all three indices on track for their best month since November.

A robot's going to begin with the AI. S&P NASDAQ further into record territory today, all three indices on track for their best month since November.

Robap's going to begin with the AI boom, Nvidia with a record quarter, and of course announcing that 10-for-one split.

JP Morgan's Jamie Diamond says he can't rule out a hard landing for the United States.

And the DOJ reportedly set to file an antitrust lawsuit against Ticketmaster

Parent Live Nation as early as today. Let's begin with NVIDIA's blowout quarter. The company

revenue more than tripled in Q1 and its data center business grew by more than 400% over a year

earlier, sending shares above $1,000 for the first time.

Here's Jensen Wong on the call last night.

The demand for GPUs in all the data centers is incredible.

We're racing every single day.

And the reason for that is because applications like chat GPT and GPT 4-O and now it's going to be

multi-modality and Gemini and Ramp and Anthropic and, you know, all of the work that's

being done at all the CSPs are consuming every GPU that's out there.

Jim, a lot of the commentary today says any worries about an air pocket probably get a swage today.

Yeah, look, there was a lot of teaching on the call last night.

A Gensi came in right after Colette Crest's the amazing CFO.

Usually he comes in much later, but he wanted to try to explain to people about the industrial revolution that's begun. And that most people are really looking at this wrong. Most people are saying, okay, why don't we pause? This is the commentary. And we'll wait until we get this Blackwell, which is really a platform system. And he said, first of all, everything

that they have, the H-100, the H-200, the predecessors, you are all going to accelerate from

your, well, that would be really slap right in the face of the people who are saying, well,

there's got to be a stop, a pause. And then he said something that I think was amazing.

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