Welcome to Closing Bell, I'm Scott Wotner Live from Post 9 here at the New York Stock Exchange.

This make-a-break hour begins with the AI Arms Race and whether Alphabet just saved the day for its investors.

That stock, take a look at it. It's higher again on the back of that developer conference

out in California with CEO Sundar Pichai essentially saying, not so fast, Microsoft.

Here's your scorecard with 60 minutes to go in regulation that pop and Google shares

obviously helping tech lead in an otherwise red tape.

Nasdaq the only of the major averages in the green today, rough going elsewhere as a spike in jobless claims once again

renewing recession fears and a steep drop in shares of packed west bringing

those regional bank worries front and center yet again. Dow was down more than

400 points at its low.

It shaved a good amount off that.

Still down about 2.30.

It brings us to our talk of the tape, the big bad battle brewing and big tech. And why-star analyst calls alphabet's answer a defining moment in that fight.

Let's bring him in. Dan Ives of Wed Bush, he just raised his price target on shares of Microsoft's good to see you.

So you go to 340 from 325 today all because of AI?

Well it's because not just AI but what we're seeing was stable cloud checks the last few weeks. I actually think we're seeing a

tick up, you know, not just in March into April and May, which is bullish from

Microsoft. I think they're gaining share versus AWS and it continues to really be a rockage or

Gibraltar stock and then to me from all of our checks over the last month

you know I believe this AI theme is probably the most definable theme we've seen in the last call

at 15, 17 years.

Microsoft is leading this Game of Thrones race and we believe this could ultimately

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