It's Jim Kramer here. You're listening to the opening bell of CBC's Squawk on the Street.

Don't miss a minute of the action. Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Kintaniel with Melissa Lee. Mike Santoli here at Post 9 of the New York Stock Exchange. Kramer in favor of the morning off. Stocks do look to resume their climb after Wednesday's holiday. Central banks continue to ease this morning. It's the Swiss triple Q's closing in on a 20% total return for the year so far. Our roadmap begins with the number one and rising Nvidia now the most valuable listed company and shares set to

climb again at the open. Plus shares of Accenture rallying following results, the company saying

generative AI new bookings have totaled $2 billion so far this year.

And watching the strength of the consumer, Krober and Darden, rallying as quarterly results come in better than expected.

Let's kick things off this morning with Nvidia.

It is the new market cap king, of course, topping Microsoft and Apple in terms of valuation.

Not only that, Mike, but you can look at the entire UK market or various boresas all around the world.

Yes, $3 trillion is real money no matter how you slice it, 3 plus trillion.

And multiple things can be true at once, I think.

It can be mostly fundamentally based.

It can be mostly following earnings momentum. It can be about this story that's, you know, obviously getting to the

bottom line of Nvidia faster than anywhere else. And it could also be about pure momentum and an

overshoot and a complete kind of blow-off type action. So no way to know where one stops and the other begins,

but the way it's piling on market cap, I think the big question is everyone's telling themselves,

but you know the multiple was higher a year ago, but you know it was higher to use. Not really,

because back then earnings estimates were way too low based on what we know that they reported.

So the fabulous profitability of this company definitely gives it a buffer and a reason for people to get excited.

But you also probably have to start believing that subsequent, like looking out from here over the next two years, those estimates, as published now, are vastly too

low to really get excited about it. And the growth, the pace of growth should continue, I mean,

should meaning in order to sustain this sort of run. I mean, the argument has been, we've seen this

before where there has been such excitement, such momentum behind one stock seen as the number one

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