Riding the AI-Fueled Rally, EU Hits Apple With $2B Fine, Bitcoin Surpasses $65K 3/4/24

Carl Quintanilla, Jim Cramer and David Faber led off the show by exploring the AI-fueled rally that propelled the S&P 500 and Nasdaq to fresh record highs on Friday. How do you value stocks such as Nvidia and other AI players? Super Micro continued its white-hot surge after being selected to join the S&P 500. The company surpassed three Dow components on a valuation basis. Also in focus: The EU fines Apple nearly $2 billion, bitcoin tops $65,000 for the first time since 2021, Tesla's China challenge, two firms boost their takeover bid for Macy's, Equinox's obesity drug protocol. Squawk on the Street Disclaimer