Market Moving Insight and Analysis.

Join Jim Kramer, David Faber and me, Carl Kintanilla, on the opening bell hour of CNBC Squawk on the Street.

Good Tuesday morning, welcome to Squawk on the Street. I'm Carl Kintanio with Jim Kramer at post-9 of the New York Stock Exchange. Faber has the morning off. study as the S&P goes for an eighth consecutive game today. Thanks in part to some legacy tech companies like Dell and IBM,

either partnering up with AI or raising some long-term targets.

Gold Futures, as Becky said, did hit 4K for the first time ever.

Our roadmap begins with OpenAI, sparking that big rally in tech as the company raises

the stakes in the AI arms race.

Despite the recent rally, a number of the Mag 7 names are hovering near correction territory.

Meta is among them.

And we're gearing up for Tesla's announcement today.

Some reports that Elon Musk may be set to roll out a lower cost EV.

Stock has almost doubled in the last six months.

Let's begin, though, with the Open AI trade fueling the tech sector, Jim.

We've got a ton of names to toss around today on just this one part of the market. Right. Look, you've got Dell, which really is a major guide-up. I mean, a significant guide-up, and that is just Michael Dell, who's going to be on later on. Timmychon Ford. Just being in the right place, getting the right execution.

Michael told us this several times that this would happen, that he would be able to guide up. He's been totally transparent, and he totally nailed it. AMD, again, another 10, because people don't have value that. I think the one that's so interesting to me is IBM. IBM, we had this great interview. Great. I sound self-love there. I didn't mean

like that. That Arvin Christian was terrific. And he told us about how he was doing so much,

so much in this area. And then so he announces to deal with Anthropic and his stock acts as if it's a,

you know, one of these newer cap stocks that just just explode hard. I think all he's doing is embracing what he said he would. So you've got Michael Dell saying he would do X and now he's doing it. You have Arvin saying you'd do X and now he's doing it. You have, look, I've got to tell you, you go back over. What Lisa Sue said could happen with this MI 450, which she said over and over again was going to be equal

to what the current iteration, maybe not the Vera Rubin of Jensen Wong. These people are all,

what I would say, delivering on their incredibly huge targets. And it's credit to all of them.

It's credit to the execution of these CEOs, they're doing a remarkable job.

A bunch of reactions on AMD. Piper goes to 240.

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