Market Moving Insight and Analysis. Join Jim Kramer, David Faber and me, Carl Cantonea, on the opening bell hour of CNBC Squawk on the Street. Good morning and welcome the Squawk on the Street. I'm David Favour with Sarah Eisen and Mike Santoli. We are at post-9 of the New York Stock Exchange, Jim and Carl, and the morning off. Let's give you a look at futures as we get ready to wrap up the trading week, 30 minutes from now when we begin.

I don't know what that says. I guess the NASDAQ might be down a little bit, Mike. Is that what that says? That's exactly what it said. All right. All right. I got it right. Let's get our... How many years have you been at TVC? Yes, a few.

Back when they barely had a ticker, I go back so far.

Our roadmap does begin with tech stock volatility.

Adobe shares are tumbling. you back when they barely had a ticker. I go back so far. Our roadmap does begin with tech stock volatility.

Adobe shares are tumbling.

Microsoft, though, record highs, Tesla and NVIDIA.

Those stocks, at least recently for NVIDIA,

saying it's a struggle may be an overstatement,

but they certainly have not been going up.

The NASDAQ 100, though, pointing to its first back-to-back weekly loss since last October. Plus, TikTok's owner,

BiteDance, on track to surpass Meta's Facebook as the world's largest social media company by sales.

And the Chamber of Commerce suing the SEC over new climate disclosure rules. A lot to unpack there.

And we're going to begin with the road ahead in particular for what has been driving this market for quite some time,

and that is namely what we call the mega cap technology companies, AI, particularly generative AI.

And Mike, I'll turn to you.

You know, we just mentioned a course in video shares which

yesterday we discussed I mean Jim and I years ago developed this thing called the key to

this market and it does feel like most days it's in some ways it could be considered

that certainly the key to what kind of market day we're going to have

it a 10% correction it doesn't look like anything on chart. It's down 9.7% from its high.

It's obviously just had this wild run. We have the whole, you know, confab next week. I don't know that anybody wants to get too negative into it.

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