Live for the NASDAQ market site in the heart of New York City's Times Square, this is fast money. Here's what's on top tonight. Good memory. Shears in Micron, another chip maker soaring again today, and they're not the only AI-related names well in the green. Is this a sign that the whole space is getting re-readed? And is it too late to get in on this rally? We'll debate that. Plus, shares of Delta Airlines take off. What is weighing on United Health Stock?

We're counting down to Salesforce earnings, and the Knicks not their spot in the NBA finals for the first time this century, what it could mean for New York, ticket prices, and the future of the home court, Madison Square Garden. I'm Melissa Lee. Come to a locker studio, be at the NASDAQ on the desk tonight. Tim Seymour, Karen Feinerman, Dan Nathan, and Guy Adami. You start off with a re-rating game, seemingly playing out, continuing to play out on Wall Street. Micron soaring nearly 20 percent to top a trillion dollars in market value for the first time ever, leading both the S&P and NASDAQ 100. That move coming after UBS tripled its price target on the stock to more than $1,600,

as analysts get more bullish on the company's long-term agreement opportunities.

Other chipmakers also catching a bit in a big way.

In fact, 17 stocks in the I-share semi-ETF notching all-time highs today.

Some of the biggest winners include on semi-AMD, Marvell, and applied materials.

But it's not just semi-surging checkout Dell, rising over 3% after Malius' research upped its price target to 380,

saying that it's an AI stock that deserves a higher multiple given strong execution.

And Apple hitting fresh records, intraday but closing fractionally lower to snap a four-day winning streak,

the move coming ahead of its closely watched Worldwide Developers Conference in June, on June 8th,

in fact, where investors expect to hear more on the company's AI progress.

So are these record rallies signaling a broader

re-rating for the AI trade? And I should vote into this whole thing, Nvidia did not move higher

again today. Tim, what do you think? Well, you know, the fact that UBS has come out and put a triple

on their rating should not be a reason that people suddenly say, wow, and that's not what we're

doing here, I understand. And in fact, it's really just talking about a cartoonish move in Micron

after weeks of cartoonish moves. So I do think that in the memory space, I get a little bit more

visibility that analysts now have for medium to long-term contracts, removing some of the cyclicality

of pricing, and that we all know hyperscalers are willing to lock in really big pricing here.

So I think, like, I actually think the more interesting part of this is the part of the NASDAQ,

which includes, I think Apple's move is more interesting to me, not because I'm long, but because I think this is, you know,

a 25% move since the end of the war trade. And it's something that I think is part of what's

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