And welcome to Tech Check, I'm dear D'Aboza. Jim Kramer is off tonight, so we are bringing you a special edition of Tech check for a full hour and it's just in time. We are at the halfway point of the year.

Tech has roared back. What looked like a downturn or at the end of a cycle in 2022? Perhaps it was all just a blip.

Economists expected a recession investors were pessimistic.

Rates were rising. It was all shaping up to be a nightmare for tech, but the nightmare never happened.

So this hour we will discuss the dynamic in AI investing, the lack of tech IPOs, and the downstream impact on Bay Area real estate.

But in the stock market, tech has regained, even expanded its leadership, the NASDAQ is having its best first half in

40 years up 30% Apple. Three trillion dollar market cap. AI Darling

NVIDIA has just about triple. Meta is back, Netflix is back, along with Tesla,

Alphabet and Amazon, the so-called Magnificent Seven, they are responsible for 85% of the

S&P's rally this year.

So what now?

This week, the economic forecast, they got better.

Rates may have peaked and yet tech.

It's basically flat since June 15th.

So are we at the beginning of a new book run for tech or is that it? Is it time for the

rest of the market to catch up? Here with us to dig into all of that is Dan Niles, founder and

senior portfolio manager for the Satore Fund.

Dan, good evening to you and thank you so much for joining us.

Let's start really basic. Where do we go from here? This was sort of the half that defied a lot of folks expectations.

Well you really had a big surge following NVIDIA's results if you go back to

when they report on May 24th, since that period of time, you know,

S&P's up about 70% and Mity is up close to 40%.

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