And welcome to closing bell. I'm Contessa Brewer in for Scott Wapner today.

This is a make or break hour and it starts with a race for records with the S&P 500 on pace for another all-time closing high.

Here is your scorecard with just 60 minutes to go in the session.

Trading right now, you can see the NASDAQ is up almost half a percent. Dow Industrials up a quarter percent. The S&P 500 up about a tenth of a percent,

and we're keeping a close eye to see whether we can smash more records.

As for the sectors, you've got materials, tech and industrials leading the way your materials up by almost a percent the leader there.

Energy, the worst there. Energy,

the worst performing sector today, taking a look there, and we can see energy is down by

almost a full percentage point as well, which takes us to our talk of the tape. Should you continue

to lean into this record run in tech? Let's ask Al Jers, Encore Crawford. It's nice to see you today, Encore.

When we're looking at this massive run-up,

do you feel like there is still some fuel in the tank?

I do.

And in part because if you look at the demand for AI and the token demand,

and you can track how much intelligence is being pulled from AI using these tokens.

You know, token growth on a month-over-month basis is up 50%.

Google recently talked about how their token growth doubled in four months.

Microsoft, last night, Kevin Scott was in an article talking

about how capacity shortages are a massive understatement. So when you think about us just starting

this kind of industrial revolution and we're just in the beginning stages of it and we're so

capacity constrained. I think we're, you know, we have to remind ourselves we're just beginning.

So, so the capacity informs more of your view about where we're going than, say, the effectiveness

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