Good Friday morning. Welcome to Squawk on the Street. I'm Carl Kintania with Leslie Picker here post-9 of the New York Stock Exchange.

Sarah Eisen's off today. Continued pressure on tech, although trying to shave off some losses from the open.

Mag 7 names, though, year-to-date are underperforming the S&P. Nasdaq seeking to

stave off its worst week in more than a year. We're going to talk to one growth investor who says

it's not time to count out the hyperscale is just yet. Plus, Bitcoin prices hovering at their

lowest level since October 24. We're joined by the CEO of blockchain and digital assets provider, Ripple, why he

blames the market, chaos on Michael Saylor and strategy. We continue to watch these SpaceX trade.

A couple weeks now into public trading. Bob Greifeld will join us, why he says the next big

test for the stock will in fact be those lockup expirations. As for the markets, trying to come off some

opening lows here, basically back to flat. Of course, Big Russell rebalancing today, which we'll

watch. Generally, though, a bit of a defensive crouch. Health care is the best performing sector.

Consumer discretionary, not far behind. VIX has come back from above 20 to about 19 and a third today.

And we begin with the IPO timeline, or maybe lack thereof, for Open AI, with sources saying that the

company has not begun testing the waters yet, Carl. So this is something people have been watching

very closely after they said they filed confidentially about a month ago.

And basically the expectation when you do something like that, when you file confidentially,

especially if you're a big, buzzy tech company and something that people have been kind

of waiting on, is that you'll operate on an accelerated timeline.

You'll go back and

forth with the SEC privately, and then you will flip your S1 public, you will market your deal,

you will sit at an IPO price and start trading as fast as possible. That's what we saw with

SpaceX essentially. I think people were surprised. It only took about seven weeks to go through that

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