It's Jim Kramer here.

You're listening to the opening bell of CNBC Squawk on the Street.

Don't miss a minute of the action.

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.

We kick off an important week this morning with inflation data on deck for the week, a Senate vote on Kevin Warsh, this U.S.-China

summit. Meantime futures a bit soft and oil is a bit elevated as the war does enter week

11, and the president calls Iran's counterproposal totally unacceptable. Retail gas, 452 452 a gallon roadmap begins with the

S&P and NASDAG both riding six weeks win streaks as we begin this new week of trading

plus we're going to continue to watch that incredible move we're seeing in some many of these

chip stocks or at least when it comes to Intel and Micron yep they're rallying again in the

pre-market both Both names have more

than doubled, doubled since April. We'll take you live to Oakland as well. That is where Microsoft,

CEO, Saty and Adela is expected to take the stand today. It is the third week of the Elon Musk

versus Open AI trial. Let's begin with the market's record run here. Thanks in part to the AI trade and earnings optimism, Jim, even if it is highly concentrated in semis right now. Look, no one's ever seen it like this. Okay. So I have a 2x DRAM the start today. Thank you very much for that. Where you have this, let's see, you know, you have one DRAM index, and I'm looking at the index.

I'm saying, holy cow, this thing is just chock full with what's red hot.

You see that Nvidia is the donor to Intel, to AMD, Qualcomm in particular, which probably makes no sense to me because that's like the least

impacted. It is David almost as if taking, this is, now this is what people say. I'm not

believing this, but I know what people say. Tell me what they say. What phrase do they say?

Taking candy from a baby. Now that's usually right at the end when you're taking candy from baby. When you hear that one, yes. I am here and take candy from a baby. No kidding. Yeah. What really happens when you take candy from a baby, though? Well, the baby doesn't, the baby doesn't, can't stop you. No? No. All right. i'm just thinking about that well i mean like i

read and you took katie for a baby and then they did a convertible like you were the loser that same

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