Market moving insight and analysis joined Jim Kramer, David Faber, and me, Carl Kintania, on the opening bell hour of CNBC Squawk on the Street. Good Monday morning. Welcome to Squawk on the street. I'm Carl Kintania with Jim Kramer, David Faber, post-9 of the New York Stock Exchange. Nasdaq futures stealing some love from the broader markets as we set up for a big stack of news this week. Pau on the Hill, a jobs number, state of the union, some sell side conferences.

Our roadmap begins with stocks in this ongoing AI-fueled rally.

B of A ups its target for the year.

Invidia, now the world's third most valuable company.

And the NASDAQ looking to build on fresh records.

Plus, as as usual we're

keeping an eye on shares of apple they're pulling back after a nearly two

billion dollar e u fine

while two new notes say hey don't worry

they suggest an apple comeback perhaps likely

as for a test low it's china struggles continue shipments plunging to the

lowest level in more than a year.

Let's begin with the markets entering a new week with record highs, fueled once again, Jim, by AI,

which seems to be the topic of so many weekend notes last couple days.

Oh, my, Carl.

I mean, just a lot of people want to say that the whole thing's gotten out of control.

But let's say

you go back a year and you looked at what Nvidia ended up going to be the estimate for 2024.

The stock was selling it 12 times earnings year ago. So we can sit here and moan how expensive it was,

but it's by far the cheapest in the Mag 7 or Mag 6 if you want to drop, get to muskin i think that the problem has always

been that when you look back this thing is so under estimated in terms of what it can make

that it you don't know how to value it what are you going to do take it to nine times earnings

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