Friday's trading session is starting with some reprieve thanks to a tick lower in crude oil and Treasury yields. Tom White sets expectations for investors ahead of the opening bell. On the AI trade, he explains why Morgan Stanley is reiterating its top pick in Nvidia (NVDA), with Tom discussing why hyperscaler CapEx is important to keep in mind moving forward. Also on his radar: adjustments to the OnSemi (ON) and Synaptics (SYNA) merger, along with Nike (NKE) earnings and its stock plunge.