I'm Julia Borsden, and you're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m.

Eastern, listen in. Good Thursday morning. Welcome to Tech Check. I'm Carl Kintanilla with John Fort and

Dear Grubosa. Today, the Dow and the S&P bounce back. The NASDAQ, not quite joining the rally. VIX is still

above 29. S&P Tech, the only positive sector over the last month. Then a slowdown

in iPhone demand. Apple joins the rest of tech in this week's sell-off. We have an analyst who is still

bullish. Plus a trio of earnings interviews. We're joined by the CEOs of Snowflake, C3AI, and Octa.

This hour, D. Yeah, a big one. But let let's kick off looking at the roller coaster ride markets

have taken over the past week the vicks down slightly from that massive spike at the end of trading

yesterday but still almost at 30 as the down s&p rise for the first time in three sessions the

nasdaq is trailing though it has flipped into the positive. We'll call it flat for now.

Software names have really fallen behind. In just the past month, growth names like Zoom,

crowd strike, and Splunk, all falling more than 20%. Our own Mike Santoli joins us now.

Mike, NASDAQ, sort of on the flyline, now turning slightly into positive, negative, I should say.

But what's been happening over the last few days has been interesting.

If you want to blame Omicron, you might want to see the state home names catch a bit.

But that hasn't really been the case.

We mentioned Zoom at lows that we haven't seen since last year.

Exactly.

It doesn't fit too neatly into this idea that we're just migrating back toward lockdown type economics and privileging those stocks that did well during that period of time. I do think part of the reason for that is this new wrinkle in the economic outlook and the COVID outlook came as a lot of those stocks were really almost in liquidation mode.

There had been this period of time where people felt as if they were willing to give the benefit of the doubt to these software-type

companies that were addressing huge markets. We know what happened. From January, really,

you've had these lower waves of enthusiasm that's rolled through those areas. Now it's sort of like

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