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 breakout begins with what else? The countdown to Nvidia's earnings tonight, the AI trade front and center.

Once again, we'll ask our experts, what is at stake for tech and the markets in general.

Let's show you the scorecard here with 60 to go in regulation, a nice bounce back for stocks today. Yields are taking a breather, oil is falling, and that's helping. The

Russell likes it. It's a big winner today. Small caps are getting a very nice boost, better than

2% for the Russell. We're following another very big story as well this hour, open AI, prepping to

go public sooner, perhaps

than many thoughts. Kate Rooney on the Case Forrest joins us momentarily with her reporting as well.

Plus, Jeff Bezos on fears that AI will take your job. We'll tell you what he said during his

exclusive CNBC interview today. You don't want to miss that. We do begin with our talk of the tape, all that is riding on NVIDIA. We turn to our ace reporter on the case, Christina Ports and Nevelos, to get us ready. Tell us more. Well, Scott, nobody's really debating whether NVIDIA beats. They've done it 17 out of the past 20 quarters. Byside is running $81 to $82 billion for a quarter with a July

guide north of $90 billion, according to Bank of America. So essentially, the beat is baked in.

We care because Nvidia drives roughly a quarter of the S&P 500 variants through its index weight,

as well as AI correlation. So even when the stock itself sells off

on profit taking, a strong print almost always lifts not only semis, mega-cap tech, and AI-levered

cloud names. Today's earnings matter well beyond just a ticker. The problem for Nvidia specifically

is the stock hasn't really cared down the day after five of the last seven

prints, but options are implying a 5 to 7% move with a lot of that action skewing bullish.

So what breaks this pattern?

Increasing their trillion-dollar Blackwell and Ruben revenue outlook would be one.

And then any update to shareholder returns.

According to Bank of America, Nvidia has only sent back roughly 47% of free cash flow

versus 80% for tech peers.

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