Market Moving Insight and Analysis joined 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 Kintania with Jim Kramer, David Faber, all of us back at Post nine to the New York Stock Exchange. Futures have been improving all morning long after Monday's fierce rally. S&P backed above the 200-day. Benchmark yields hit about a one-month high, although Philly Fed Services was a little soft. Roadmap begins with stocks coming off back-to-back gains. China tech names, though, near a correction. And now

Alibaba's Joe Si warns of, quote, some kind of bubble. Plus, Tesla's warning signs. Despite

the stock's big bounce yesterday, deliveries in Europe fell more than 40 percent, even as overall

EV sales saw gains in that market. And we're keeping an eye on the shares of Boeing. They are up

again, actually, ahead of the open. The company reportedly seeking a withdraw. It's Biden

or a guilty plea. That's related to those two deadly 737 max check crashes. Let's begin with

the markets after yesterday's rally. By the way, guys, nice to be all three of us back on set after what? A couple of weeks. Yeah, it's been a while. Been a while. I'm glad because the cohesion, the small unit cohesion that we have is really great. You know, Carl, I want to go right to this thing. It's Joe's side there. People talking about a bubble. Now, what, they did deep sea out of China, talked about

their way ahead of us. This is the way Sputnik went in the period where we were in a

co-work. And it always turned out that they were saying things, and they really weren't tactically

right. They were trying to steer us wrong. I think Josai is a great guy. And this surprised me. He should go to a data center. He should speak to

Nvidia. He should go speak to Michael Dell. You would realize that there is, as Jensen

told me, a hundred times more power that we need versus last year, a hundred times. I know. So, I mean, and remember, we're going to have robots. And robots need a huge amount of compute. What, Joe doesn't, you know, Joe, he's a really good guy. What do you mean, I know him? I sat down with him in Singapore a couple of weeks ago. Oh, okay. And obviously we spent a good amount of time together. I'm telling you that you that you can't. This is on Bloomberg, but this is a shame that he said. He's coming from a somewhat different perspective, I think. And obviously, the reason we're highlighting some of the comments this morning is in part because it did send some of the tech related names, even in the Chinese market down. China, by the way, has been incredibly strong. and these stocks there still up to it. That's 23% for the year.

Yeah, Dave. even in the Chinese market down. China, by the way, has been incredibly strong and they're

still up there. They call that the Tepper rally over there. For the year, yeah, David Tepper,

your friend Tepper has done very well. But Joe's point, and he made it on stage to a certain

extent at our converge event as well, is that he thinks, you know, you don't need to be everything to everybody. And so you don't

need all this compute power to be able to, for the, for the training models and to have

the answer to everything, he thinks things are going to be more compartmentalized and therefore

you're not going to quite need as much compute for doing specific

tasks. I think it's more about his perspective on what's going to work for Alibaba and what's

important to their customer base. And so, and I think he does look at the half a trillion dollars

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