Welcome to Closing Bell. I'm Scott Wabner live from Post 9 here at the New York Stock Exchange.

This make-or-break hour begins with the AI arms race and as whether the stocks tied to the

transformational technology can continue to climb as they are yet again today.

Here's your scorecard with 60 minutes to go in regulation.

Dowsman in the red all day, take a look at the Nasdaq, not in the red by any stretch.

It's near 1% higher.

Apple and Alphabet, Microsoft and Vidia continuing to rise,

even interest rates moving higher on more hawkish FedSpeak.

That's unable to derail the tech trade though.

It leads us to our talk of the tape,

is all of this AI hope leading to way too much AI hype.

Let's ask our panel, Stephanie Link of High Tower,

Joe Terranova, of Verus Investment Partners, and Alex Kanchowitz, big technology

founder, all three, R. CNBC contributors.

Alex, you first, what do you make of this latest?

The iOS announcement we got today from open AI.

I think what this does is it puts open AI in position to almost supplant the operating system

on iOS. Now, it's long been this pipe dream of these tech

companies to say actually using apps on the phone is fairly inefficient. What if

we put it all in the chatbot that understands who we are, understands what our credit card

information is, understands where our preferences are, and if we get people accustomed to using

that, you have power over basically all the apps on the store and you don't need them to go through

...