Market Insight and Analysis. You're listening to the opening bell of CNBC, Squawk on the Street.

We'll see tomorrow. Right now it's done for Squawk on the Street.

Good Wednesday morning. Welcome to Squawk on the Street. I'm Carl Canton-A with Jim Kramer, David Vapor,

David Vapor, at Post 9 of the New York Stock Exchange. Bowls have their sights set on fresh record highs.

S&Ps less than 1% away.

Strong earnings from Netflix, United, and Proctor are a tailwind, along with this AI infrastructure

push from the White House. Oracle up nearly 10% pre-market. Our roadmap begins with stocks looking

to build on yesterday's gains, but Jamie Diamond warns the U.S. stock market is, quote, kind of

inflated. Netflix shares are surging this morning this after the company beat on the top and bottom

lines. And of course, for subscriber editions, it's raising its 2025 revenue forecast and now

has over 300 million subscribers around the globe. And that big tech announcement that was made yesterday by President Trump,

SoftBank, Oracle, Open AI, they're in a joint venture that will eventually invest as many as hundreds of billions in AI infrastructure in the U.S.

We're going to talk to one of the key technology partners in that. That's Armholding CEO, Renee Haas. And that is coming up very shortly in the U.S. We're going to talk to one of the key technology partners in that. That's on holding CEO, René Haas, and that is coming up very shortly in the show. Let's begin, though, with the markets, Jim. I know you're looking at some of the follow-through to what this Stargate might eventually bring to all kinds of suppliers. Yeah, I mean, initially, excuse me, initially you see these things, and you think, well, it's for show. We all know that Oracle said it's going to build. Remember one, but they said they need a thousand data centers. You start thinking, okay, wait a second. We'll support Masa Samoa. Of course, he's talking to his own book. We're going to have Renee Haas, Mosson, his big position in that. And then you step back and you say, no, wait a second.

Uh, AI is the partner here.

You know, you, you see Sam Waltman up there.

And you think, well, wait a second.

I thought he was Microsoft's guy.

Right.

And then he's not.

And then you realize, you know what, there's something big going on here, bigger than you think, which drives Oracle up 16, not because of mean guys coming in and saying, you know what, hey, this script for Oracle, because we already knew Oracle was going to do this. But because maybe there's a reshuffling of the alliance, and the alliance could be in play, David. You know, Jim, that's the takeaway this morning at least.

And yesterday as you watched Oracle shares surge on this announcement, again, to your point, it's a big number, but I can go back and give you big numbers before.

Back in September, probably something we barely covered, Black Rock, GIC,

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