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 Tuesday morning. Welcome to Tech Check. I'm Carl Kintania with John Fort and Dear Derbosa. Today, a head fake or a sign of what's to come? As markets come off their worst day since June, we'll discuss what comes next with Satori Funds, Dan Niles, and we'll break down some of this morning's big moves.

Feeling this thing of crypto winter? since June. We'll discuss what comes next with Satori Funds Dan Niles, and we'll break down some of this morning's big moves.

Feeling this thing of crypto winter? Well, so is Coinbase. A lot more on how Brian Armstrong's handling that volatility in a CNBC exclusive that you do not want to miss this hour.

And finally, don't think we forgot about Intel. We got an inside look at the company's new $30 billion deal with Brookfield, what it signals for Intel, the chip industry, and for CAPEX within technology, John.

Yeah, Carl, we're going to kick off today's feed with dueling stories in software. Zoom is plummeting this morning after cutting its outlook for the next quarter and the year.

Shares are now on pace for their worst month since April.

See down there more than 13% as their CFO warns new paying subscribers proving harder than expected to come by.

Zoom phone doing fine, though.

But heading in the opposite direction is Palo Alto Network's biggest gainer on the nasdaq this morning up more than 10% upbeat forecast helping boost

things there the company also announcing a new three for one stock split set to take

effect on september 14th d um this is sort of a sign of the times security so important the move to the cloud a wind at palo alto's back here and uh bookings you know bookings really strong showing that this isn't just a one quarter thing but the intention to spend is there in place for months to come and gap profitability for the first time in four years.

That was something that Nikisha Rora highlighted on the call last night.

When it comes to Zoom, though, and Zoom and this brutal sell-off that we are seeing in the markets today,

it really sort of continues what we have seen this year, Carl, this bifurcation between the consumer and the enterprise.

Before the pandemic, Zoom was largely an

enterprise company that flipped on its head. And consumer went from being about a third the size of

enterprise to nearly 40% larger than enterprise in just two quarters. And that's where it's really

feeling the pain. Not that there isn't some slowdown in the enterprise as well in terms of

a deceleration and growth. But consumers, they don't tend to sign these multi-year contracts.

And that's what's sinking the stock now, the prospect, that it's not going to grow like it has.

Of course it's not. But consumers can cancel them a lot more easily.

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