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 Cantonia with Jim Kramer, David Faber, post-9 of the New York Stock Exchange. Invidia's blowout going to boost the NASDAQ as the market now moves on to Jackson Hole and more specialty retail and software earnings. Jobless claims come in at the lightest of the

month. Yields are higher across the board. Our roadmap begins with NVIDIA's AI boom, the chipmaker

delivering that blowout quarter with no sign of slowing demand. Plus, we'll talk Fed expectations.

What investors need to know is central bank leaders gather in Jackson Hole, Wyoming.

And Boeing's weighing on the Dow right now, at least ahead of the open.

The shares are moving lower after the company revealed a new 737 max manufacturing defect.

Let's kick off with NVIDIA, set to open at a record high this morning after reporting that blowout quarter.

A company more than doubles revenue, raises their guidance, citing a surge in demand for AI chips.

This is Jensen Wong on last night's call.

Our demand is tremendous.

We are significantly expanding our production capacity.

Supply will substantially increase for the rest of this year and next year.

Mbidi has been preparing for this for over two decades.

Jim, no lack of superlatives today.

No, and look, because I do want to be able to get in, I have Everest NVIDIA.

This was the dog I named, I renamed Everest v. NVIDIA.

Jensen Wong gave me this one so I could get into headquarters.

And then when NVIDIA sadly passed away, he insisted that our new dog, we called NVIDIA Ragu Kramer.

And this is so we can get in. All right, so let me explain to people. There's been a lot of misinformation, including a lot of questions that were wrong on the conference call. What's really going on here? This is going to replace everything. It's not one of those things where people keep saying, well, what are they going to do with it?

Oh, they've ordered it. What are they going to do with it? Well, we know what they're going to do with it. They're going to rip out everything else. And this is going to be the only thing that's used in the data center. It's the only thing that's going to be used in terms of being able to figure out how to get something done fast. And then people say, well, hold it. Are they double ordering? Well, she, they can't double

order because Nvidia works very closely with certain companies. If they double order them, then

they cut them off. The gross margins are rather extraordinary. I mean, Andy Grove used to say the late

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