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

This make a break hour begins with another new high for NASDAQ. Yes, it's turned negative now, but it did open strong.

It's on track for its longest weekly winning streak in four years.

Now questions over whether it's too stretched and if the hype and hope over AI has pushed some of those stocks to the limit.

We'll ask our special guest today,

Marco Kalanovic of J.P. Morgan, he's with us in just a moment. In the meantime,

your scorecard with 60 minutes to go in regulation looks pretty good for the Dow it's good for near triple digits

one third of one percent S&P is a modest loser NASDAQ obviously a winner of late

as I said is a loser by near 1%.

Tech, well, it tried to jump today.

And there's a Russell 2000, another good day

for small caps up 2%.

Leads us to our talk of the tape, though,

the incredible run for Tech,

whether it can last let's ask

Marco Kalanovic he does join us now he's grown more positive himself on Tech it's

good to have you back you call the rally in Tech quote unquote. I guess my question to you at this point is it too exceptional

Thank you Scott so I do think it's too exceptional

You know it's been sort of breadth of that rally has been pretty narrow some of the

largest companies you know tied to the artificial intelligence AI team has been

sort of rallying tremendously and valuations are very

stretch you know it's hard to you know say that it cannot go more but we

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