Tech Rally Rolls On, Nvidia Extends Record Run, Musk's xAI Raises $6B 5/28/24

Carl Quintanilla, Jim Cramer and David Faber kicked off a holiday-shortened week with a look at tech sector momentum and the Nasdaq trading at all-time highs. Nvidia surged to new record highs on the heels of news out of Elon Musk's xAI: The OpenAI rival said it raised $6 billion in its latest fundraising round.Also in focus: Proxy advisor Glass Lewis urges Tesla shareholders to reject Musk's massive pay package, Apple gets positive iPhone news out of China, David reports activist investor Elliott Management has taken a $2.5 billionstake in Texas Instruments, holiday box office weakness, a “taxing” day for DraftKings, Jensen Huang's first pitch. Squawk on the Street Disclaimer