Live from the NASAC market site in the heart of New York City's Times Square, this is fast money.

Here's what's on tap tonight.

A new number one, at least for a few minutes, reports after hours Google could be getting

a massive order for its cloud chips, sending shares of alphabet soaring.

It briefly had a market cap eclipsing.

Invidias will make sense of the moves and break down all the action in semis today. And brace for turbulence, flight cancellations are piling up as the Iran conflict continues.

The implications as we head into the busy summer travel season and the ripple effects if people aren't traveling.

Plus, META faces a lawsuit over how it trains its AI.

Coinbase drops after announcing layoffs and counting down to Disney

earnings. It's the first report under new CEO, Josh DiMaro. What we hear about layoffs and breakdown of licensing deal with Open AI and President Trump's battle with Jimmy Kimmel. I'm Melissa Lee. Come to you live from Studio Bia at the NASDAQ on the desk tonight. Tim Seymour, Steve Grasso, Julie Beale, and Marta Norton, chief investment strategist at Empower Investments. Welcome, Marta. And we start off with news that made Alphabet, at least very briefly, the biggest company in the world by Market Cap, the information reporting Anthropic, has committed to spending $200 billion on Google's cloud chips. Let's get to McKenzie Sagalos for the latest and the details on this one. Mac.

Hey Mel, so Alphabet touching a $4.8 trillion market cap after hours briefly, putting it ahead of

NVIDIA, following that report from the information on Anthropics Google Cloud commitment.

Now, last month, Google said it would supply Anthropic with five gigawatts of server

capacity starting next year. And now we have a dollar figure to go along with that commitment.

It's $200 billion over five years. Google disclosed close to half a trillion dollars in cloud

revenue backlog last week. So this would mean that Anthropic alone accounts for more than 40% of Google's future

contracted cloud revenue. And remember, Google investing up to $40 billion in Anthropic, $10 billion now

with another $30 billion that's tied to certain performance milestones. And then in return,

it gets one of the biggest AI cloud customers in the market.

It's another example of one of these chip for equity deals, and it comes less than two weeks

after Google unveiled its latest AI chips, the TPU, now specially designed for inference and training.

It comes as they go head-to-head with Nvidia on their in-house silicon.

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