All right, welcome to closing bell. I'm Scott Wobner, live from Post 9. Here at the New York Stock Exchange, this maker breakout begins with all eyes on tech. Those mega cap earnings are looming and fresh concerns now about the state of Open AIs revenue growth. It has many names in that space, in that orbit, under pressure this hour, especially the chips. They've been off to the races lately, but a bit of a pullback today, not as dramatic as it was a bit earlier in the session. Nonetheless, we do have read across the board. We'll show you the majors here with 60 to go in regulation today. NASDAQ's been read for the entirety of this day. About noon, it was down one in the third percent. So it's come off of those levels as well ahead of Amazon and

Alphabet, Meta and Microsoft all reporting their earnings tomorrow and overtime. That's going to be

a big session. We look forward to that. Elsewhere, Coca-Cola with a beaten raise, Spotify,

falling on its guidance and corning under some pressure today as well, down by about 7%.

It takes us to our talk of the tape, the state of the tech trade, and those new worries about open AI.

We will begin there.

Our own Kate Rooney is following the money for us, as always.

What do we know here, Kate?

So, Scott, we are following the money outside of the courtroom today in Oakland where Elon Musk just walked up to this stand.

We just wrapped opening arguments here. But it does come as we got a new report overnight from

the Wall Street Journal, bringing up some new questions about whether some of this AI spending

is sustainable. When you look at Open AI, it has reportedly missed its own targets for new users

and for revenue. This is according to the Wall Street Journal, citing unnamed sources.

Company has pushed back hard on this and called it basically ridiculous.

They've really pushed back, put out a joint statement from CEO Sam Altman,

who is also inside the courtroom and CFO, Sarah Frier.

But inside that courtroom mentioned, Elon Musk's team boiled this down when they

did their opening arguments to an AI charity that was turned into an $800 billion AI giant

that is preparing to go public we're hearing as soon as the end of the year.

Lawyers for Musk said no one should be allowed to steal a charity.

They ask the jury to put an end to this

quote, outrageous conduct. The claims here, Scott, you've got a breach of charitable trust that

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