Live from the Nasak Market site on a day where the S&P 500 closed at a fresh record high.

This is Fast Money. Here's what's on tap tonight.

Searching for a winner as the AI battle heats up is a king of search in danger of being

dethroned alphabet stop now acting like rival Microsoft could really

overtake it in this new AI arms race plus high-tech

halo just how many companies is NVIDIA investing in and funding and what impact is

it having on the chip giant's bottom line will break down the ripple effects inside

and outside Invidia. And later down on the farm, inside Deer's tough tough quarter charting the big rebound in small

caps and is China now so bad it could be good the surprising take from our traders.

I'm Melissa Lee going to you a lot from Studio B at the Nazac on the desk tonight.

Tim Seymour Chris Varone, Dan Nathan, and Diadami.

We will drill down on alphabet's bad day in the AI arms race in a minute, but we begin with the

rebound and banks and the real estate sector,

JP Morgan closing at an all-time high with other big banks

like Wells Fargo soaring to a 52-week high.

The regional is also rebounding the KRE up more than 3% today.

And even New York Community Bank Corp showing signs of life

closing up more than 6%.

Real estate also heating up, check out the gains

and names like CBRE, Equinix, Boston Properties, and Alexandria. So why this big? and as I know compared to yesterday. No I can't figure this out either but obviously a

tremendous run and maybe it's a valuation thing maybe people say you know what I don't

got the risk curve in terms of technology banks make sense here all clear maybe you

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