Market Moving Insight and Analysis joined Jim Kramer, David Faber, and me, Carl Kintanilla,

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

Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Kintanao with Jim Kramer,

David Faber post-9 of the New York Stock Exchange. Futures do suggest a fourth straight day of weakness

as the S&P closes below the 50 day, first time since the spring. Bitcoin dips below 90K,

VIX approaching 24. A roadmap begins with the sentiment in the market as Alphabet CEO warns

about some, quote, irrationality in this AI boom. Plus, we are just a day away from Nvidia's

latest earnings. Of course, a lot will be riding on that. We will tell you about

the massive options action as well ahead of those results. And speaking of results, Home Depot

reported it did miss estimates. It also cut its outlook what that may be signaling about the consumer.

Let's begin with the tech sector this morning, poised to extend yesterday's sell-off and on

track to snap a seven-month win streak amid these investor jitters regarding AI and valuations.

According to the latest B of A global fund manager survey, more than 50% of investors

continue to believe AI stocks are in a bubble.

53% was 54 last month.

Interestingly, Jim, for the first time since 2005, most investors say companies are over-investing

right now.

Right, and I think this is intriguing because the companies that are allegedly over-investing,

well, one of the chief ones isphabet of Google, and apparently they admit that

there's a rationality, and Buffett's buying it, and people are buying the stock. A second one that I think is down a lot. Meta actually has to spend because it's worried about Open AI coming into it. Amazon hasn't spent nearly enough, but David, they just did the bond deal. But I would, and by the way, Apple hasn't done anything,

and they're going to be the recipient of greatness. Someone yesterday said that, well, and they missed AI. Missed AI, one of these companies got to pay them. So my take is that you've got the smartest people in the world, and I tend to think that as a group, they tend not to do the wrong thing. other than in 1929, where Andrew Ross Sorkin depicted that the smartest people in the world,

including a professor at Yale, got it totally wrong. So we have to be in that kind of situation for me to believe, and I don't think we are. You don't. No, I don't. Maybe, you know, 1929, you know, that's the... No, although last week, to be fair, you were having, you were sort of done with the idea that Open AI is going to dominate the world.

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