Welcome to Closing Bell live from the New York Stock Exchange. I'm Sarah Eisen in

for Scott Woffner. We've got an exclusive C. M. C. story today about a major

write-down golden sacks could be facing. We're going to have details for you coming

up. But this make-or or break hour begins with the once love tech sector, the Nasdaq, now on track to break an eight-week wind streak,

and new data shows tech funds seeing their largest outflows in 10 weeks. It leads us to our talk of the

tape. Is the tech exuberance fading? Let's ask Dan Greenhouse of Solis

Alternative Asset Management. He joins me here at Post 9. Good to see you.

Thank you for having me.

Is the Tech Exuberance fading?

It's been a strong run that nobody predicted year to date, month to date,

and now some give back.

Not extreme, but down for the week not extreme but every

rainstorm has to begin with but a single rain drop if that's what you believe so this is a

rainstorm yeah I'm not saying that I just the saying is apropos. I mean listen you've had a terrific

run in a lot of these names as everyone is well aware Apple and on down through

NVIDIA are up 30 40 50 NVIDIA is up almost 200 percent year to date. The law of large numbers kicks in at some

point and so it wouldn't be whether in retrospect or at the moment out of the

realm of possibility to argue that most of those gains have been realized and perhaps

some give back or at a minimum a pause wouldn't be out of step with with history.

So you don't think that you should buy the dip on NVIDIA because AI is transformational and we're just getting going?

Yeah, I'm making no comment about whether one should buy invidi or not. What I'm saying is when a stock, the size of

invidia, a trillion plus in market cap, is up 200% for a given year through six months.

...