It's Jim Kramer here.

You're listening to the opening bell of CNBC squawk on the street.

Don't miss a minute of the action.

Good Tuesday morning.

Welcome to Squawk in the Street.

I'm Carl Kintanee with Jim Kramer, David Faber, here at Post 9 of the New York Stock Exchange.

In a few moments, we're going to talk to NVIDIA's Jensen Wong and Marvell's Matt Murphy about their AI partnership, including

NVIDIA's $2 billion investment in Marvell. Meantime, final day of March and Q1, U.S. crude oil

does hit 104. Retail gas averages $4 a gallon for the first time since 2022.

Stocks trying to close out the worst month for stocks in almost four years with some green arrows,

as the president suggests other countries like the UK, quote,

go get your own oil from the Strait of Hormuz as Iran sets another tanker ablaze.

Let's begin with the markets, though, on track to snap this three-quarter win streak.

This is what Berkshire's Warren Buffett did tell Beckett quick a few moments ago on Squawk about this market environment.

Three times since I've taken over Berkshire, it's gone down more than 50%.

I mean, if you look at the markets of... it's gone down more than 50%.

I mean, if you look at the markets of,

oh, the worst probably was the 2007-8 period,

although there was that one Monday when you had 21% in a day.

I mean, this is nothing.

This is nothing.

Jimmy did say they bought some treasuries, probably sold Apple too soon, doesn't know if he would cut if he were at the Fed. Well, look, these are all the reasons why you, I'm not saying

...