Market moving insight and analysis join Jim Kramer, David Faber, and me, Carl Kintania, on the opening bell hour of CNBC Squawk on the Street.

Good Wednesday morning, welcome to Squawk of the Street. I'm Carl Kintania with David Faber here at Post 9 of the New York Stock Exchange.

Jim Kramer's at Harvard. Ahead of tonight's Mad Money back to school tour at the university's business school.

Meantime, futures trying to creep into the green this morning after that gut check for those AI and chip related names.

We'll get to that, the shutdown, election day results, and today's arguments in front of the Supreme Court on tariffs.

Our roadmap begins with the state of the AI trade after Big Tech comes off the big drop.

AMD is the latest to get punished after its latest guidance.

Plus the health of the consumer.

McDonald's misses earnings estimates and other major restaurant chains have been warning about

the overall consumer environment.

And Democrats win big on election night.

Key races, of course, mayoralty here in New York, but perhaps more importantly, Virginia and New Jersey in terms of the governor's races.

We'll talk about any fallout for Wall Street and the business community.

Let's get to the markets, though, in this AI trade after that sell off yesterday, Jim.

It sounds like you were our little leery this morning about what you're calling an up open.

We'll see if it holds.

Right, well, I just don't want to see things just completely go the positive way. I mean, Nvidia was down, I don't know, 4 o'clock was down like $1.80, and it's come all the way back. It should have been down $1.80. I don't want it to open up. Palantir. Well, let's just hope that the two X Pal palanteers aren't playing havoc. That's what I saw yesterday.

I saw what I thought was I'm going to give Alex Karp a shadow here, conceivable manipulation to try to get the stock down.

But what I'm focused on is something that just came out, which is kind of where I think that people are headed.

It's Morgan Stanley, why Google Cloud could grow 50% in 26 piece. This is the kind of

research that comes out. Just when you think that they're going to give up the ghost, you start

reading this, you say, wow, Brian Noak, smart guy saying that Google's doing much better. David,

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