Market moving insight and analysis join Jim Kramer, David Faber, and me, Carl Kintenea on the opening bell hour of CNBC Squawk on the Street.

Good Wednesday morning, welcome to Squawk on the Street. I'm Carl Kintenea with Jim Kramer, David Faber, post nine of the New York Stock Exchange.

Future's steady, a day after that breather from Mega Cap Tech and remarks from both the president at the UN and from Fed Chair Powell.

Ten-year remains locked in around 413.

We'll get new homes today.

Our roadmap begins with the AI trade rebounding from yesterday's losses, as the Fed chair

said stocks seem, quote, fairly highly valued.

Plus two big interviews coming up this hour, and exclusive with Micron CEO Sanjay Marotra,

that on the back of the company's latest earnings and, of course, guidance.

And Armholding CEO, Renee Haas, will join us as well.

We'll talk about that company's latest partnership with OpenAI and Invidia in Project Stargate.

The numbers are all just staggering.

Let's begin, though, with the markets after the AI trade did cool off a bit yesterday.

The Fed Chair weighed in on this record run for stocks.

Take a listen.

We do look at overall financial conditions, and we ask ourselves whether our policies are affecting financial conditions in a way that we,

that is what we're trying to achieve.

But you're right, by many measures, for example, equity prices are fairly highly valued.

So people had some fun with that one.

Jim, taking us back to things yelling one set about small cap biotech or

even greenspan in 96 well i think that that pals a little bit more uh attuned uh i have a list of

55 companies that are up 50 percent during the month of september of which only six are profitable. I was put together by Ben Stoddo.

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