Kel thanks so much welcome to closing bell I'm Scott Wotner this make a break hour

begins with the road ahead for tech it's magnificent run acting a little tired

lately and raising questions now about whether it is about to hit some potholes.

Star analyst Dan Ives along in just a moment to tackle that key issue for your money.

In the meantime, here's your scorecard with 60 minutes to go in regulation.

Nasdak, our focus today as names like Invidia,

Tesla, and Meta drag that index lower.

There you see the losses there, the Nasdaq's

eight-week winning street coming to a close last week.

Chevron Nike Home Depot helping the Dow saw its three week run end as well and Dow is showing modest gains at this moment.

It takes us to our talk of the tape.

Will the second half bring second thoughts

about the tech trade?

It has been the runaway winner of the first six months of 23.

Let's ask Dan Ives. he joins us here on set at

post night. It's good to see you. Great to be here. So you had a note today 12 to 15%

more for tech. That's what you see at the second half. I mean we believe this is a start of a new

bull market for tech and I think ultimately it's going to be broader it's not

just that you know called seven or eight big tech stocks we believe

fundamentals are not just stabilizing but actually starting to see for the first time

upticks across cloud across enterprise and then of course you have this AI gold rush which I view is the

fourth industrial Revolution.

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