Market Insight and Analysis. You're listening to the opening bell of CNBC, Squawk on the Street.

GTC was described as the woodstock of AI, and this year it's described as the Super Bowl of AI.

The only difference is everybody wins at this Super Bowl.

That was Jensen Wong at his company's GTC event yesterday.

Good Wednesday morning.

Welcome to Squawk on the street.

I'm David Faber right here at Postline of the New York Stock Exchange.

Jim Kramer.

He is in San Jose, California, of course, where he's been all week at NVIDIA's GTC event. He will be speaking with, of course, the man you just saw, Jensen Wong. That'll be in the next hour of Squawk on the Street. Very much looking forward to that. We're also looking forward to an open for our market on this Wednesday. Let's take a quick look at futures.

You heard Joe talking about it.

It seemed to have reversed a bit.

We're now in the green.

And that does get us to our roadmap, of course.

As you might expect, it does begin with, I guess we're calling him the AI King.

Invidia moving fast to defend its crown.

Jim is breaking down the main takeaways from

the company's big AI conference. Plus, it is Trump versus the FTC. The president fires both

Democratic commissioners as Republican chair Andrew Ferguson plans to keep up the pressure on big tech.

And of course, we are awaiting the Fed, expected to hold rate steady,

but investor focus will be on comments that we get from Chair Powell. That'll be this afternoon,

as Jim likes to say, or at least I've heard you say, you don't like that press conference a lot

of the time. But I want to start

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