All right, guys, thanks so much.

Welcome to Closing Bell.

I'm Scott Wobner live from Post 9 here at the New York Stock Exchange. This maker for MacGaur begins with Memory Mania, as Micron and some of those other chip names, they just go wild again. 12%. Look at Intel today, a 14%. That trades help the NASDAQ to new highs, while also raising concerns about a potential bubble in that part of the market. We'll ask our experts what it all means in just a moment. Take a look at the scorecard here with 60 to go in regulation. We have been green all day, powered by more strong earnings reports. We're green across the board. As you see, Russell's actually leaning with the NASDAQ not too far behind because you have new highs today for both Alphabet and Amazon.

Well, how about Palantir? Those shares are lower, the guidance failing to meet very high expectations.

Stock down more than 7%. Elsewhere, a pretty good day for the banks. We're watching all of that.

And how about materials? They're one of the top groups today. There's the bank picture.

We'll show you materials in just a moment, which takes us to our talk of the tape.

This incredible run in the chips.

And whether it is a warning sign of too much froth, let's bring in Christina Parts of Nevelos on Micron's magical run, making a lot of people little nervous, some people queasy, but if you're in these

names, it's ka-ching.

I was going to say that. It's making some people really rich, too. So what the market is

really starting to wake up to is that names like micron as well as Sandus too aren't just cyclical

chip stocks anymore. They're becoming core infrastructure of players for AI. And right now,

supply is extremely tight. So you're seeing that show up in the price action. You said,

Mike Ron up, but went over almost 12% today on track for a record close and now has over

$700 billion in market cap, which is bigger than Visa, bigger than AMD, bigger than Oracle.

And for the first time, the stock has actually been on an absolute tear, up over 90% just since April 1st and more than doubling year-to-date. And it's not just Micron. The whole memory and storage complex is moving. Sandus, Seagate, Western Digital, all sharply hires. A.I. Demand really drives a shift in how investors think about this entire

space. And that's the key for this momentum. For years, memory was treated as a boom and bust.

But with AI, the argument now is that demand is more structural. And that's why you're seeing

new money chase these stocks almost daily. Momentum is building. And in this part of the market, momentum tends to feed off itself. And so the big argument is that these guys have contracts that last, you know, beyond one to two years, making the cycle a lot longer than just a boom and bust. No, it is incredible. We'll come back in a little bit. Christina, thanks, Christina Parts and nevelists. Now to our panel. New Edge Wells,

Cameron Dawson, Trivariates Adam Parker, true as Keith Lerner. Adam is a CNBC contributor and a former

semiconductor analyst, so I'm going to begin with you. Have you ever seen anything like this?

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