Live from the NASAC markets, I'm in the heart of New York City's Times Square. This is fast money. Here's what's on tap tonight. The Nvidia effect. Partnerships with the chip giant have sent shares of companies like Corning, Firefly, and others soaring. So why are Nvidia shares only now joining the party? We'll debate that. And going global, it's not just U.S. equities in rally mode today from Germany to Japan to China. We dig in on the international moves and where you can find an opportunity right now. Plus shares of Novo Nordus hit nearly three-month highs, a solid star for Disney's new CEO. And counting down to McDonald's earnings, will investors be loving on the burger chain's results tomorrow? We are heading to the options pits to find out. I'm Melissa Lee. I'm Melissa Lee. studio, be at the NASDAQ on the desk tonight. Karen Feinerman, Steve Grasso, Mike Coe, on set for the hour. And surprise, surprise, a pop-in from Gene Munster of Deepwater Asset Management. He was in town visiting, happen to come through the NASAC, and now he's sitting on set with us. You're on Fast Money. Welcome, Jean.

Great to be here, Melissa.

Markets in rally mode once again today with the NASAC and S&B 500, notching another set of records,

Dow adding more than 600 points, briefly trading above the 50K mark for the first time since February.

The latest move coming as oil prices continue to pull back, WTI crude falling below $90 a barrel at its lows on hopes or resolution to the Iran wars in sight.

We'll get more of that in just a minute.

But we start off with the latest tie-up sending chip stocks higher.

NVIDIA announcing it will invests half a billion dollars in Corning.

The news sending the fiber optics maker to record highs giving NVIDIA more than 5% bump. It was NVIDIA's best day in three months, but interestingly,

only gets it back to where it was last week. The chip giant, in fact, has been underperforming

the broader semi-space mega-cap tech and major indices over multiple timeframes.

It's gained in the past month, less than half that of the SMH,

even though it's got market cap of $5 trillion, so the biggest company in the world,

at 25 times forward earnings, Nvidia is actually cheaper than the likes of Intel, AMD, and Broadcom.

So is today's move a sign.

The stock is finally catching up on this chip rally.

How do you trade the name right now?

Karen, what's your answer?

Yeah, so I'm long.

I've been long for a long time.

I actually bought some butterflies today, some sort of bold butterflies.

Mike would probably maybe have been the seller, in which case that wasn't so good for me.

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