Nvidia Joins the $3T Club, Tesla's Musk Pay Package Push, ECB Cuts Rates 6/6/24

On another record setting day for the S&P 500 and Nasdaq, Carl Quintanilla, Jim Cramer and David Faber drilled down on mega-tech: Nvidia hits a $3 trillion market cap for the first time, surpassing Apple to become the second-most valuable public company in the U.S. behind Microsoft. How high can the chipmaker go? The anchors also reacted to what Tesla Chair Robyn Denholm told CNBC about next week's shareholder vote on Elon Musk's massive pay package. Also in focus: The U.S. Treasury Department weighs in on AI risks, The ECB cuts interest rates for the first time since 2019, lifts for Lululemon and Costco, Disney's Florida parks investment plan, Paramount deal update. Squawk on the Street Disclaimer