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

Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Kintaniel with Courtney Reagan.

Mike Santoli here at post-9 of the New York Stock Exchange. Kramer in favor have the morning off.

Future is pretty solid here coming off the 28th S&P record high on Monday of the year.

It's a packed morning of speeches by Fed officials and by

world leaders of the UN General Assembly, including the president later this morning, 10-year 413.

Our roadmap begins with Invidia, though, an open AI's $100 billion mega deal, which did spark a tech

rally and sent major averages to record highs yesterday.

Plus, Fed Chair Powell, getting ready to speak about the economy for the first time since

cutting rates.

It comes amid divergent views from other policymakers about the path of rates.

And chairs of Kenview, rebounding in early trading following yesterday's sharp drop after President

Trump made controversial comments linking Tylenol and autism.

Let's begin with the markets extending their record run fueled by NVIDIA, of course, and the tech trade yesterday. A lot of desk notes guys over the past 24 hours looking at the creativity in financing and layers and layers of contracts

and what this means for sort of NVIDIA's business model and the overall AI trade.

Investors are confused to what degree they need to get kind of messy with the details of this.

I think, I mean, because there are obvious questions, is it just kind of a vendor financing thing?

Is there enough power for this? All those things are out there.

But the risk in the AI trade up to this point has been overthinking it,

right? And overthinking it meant, well, are we going to result in overcapacity? Aren't we

where we need to be in terms of this phase? Don't we think we have to diversify the winners,

you know, find other ones that haven't worked yet. So I think that process of questioning is still

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