I'm John Fort. You're listening to CNVC'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 Kingtony with John Ford and Dear Durbosa.

Today, the tech selloff does rear its head after the NASDAG fell and then recovered more than 4% yesterday.

Market is declining once again.

Meantime, Microsoft and Apple kicking off mega- earnings this week both ticking down this morning

as Microsoft is set to report after the bell later this morning octo co-ceo todd mccinnon's going to

join us talk about the state of software names amid this selloff the nearly 30 billion dollar

company one of the biggest laggards on the nasdaq today john yeah and first let's start with buying tech, perhaps finding

value in the midst of this sell-off. Yesterday, clearly some investors bought the dip. We saw

that huge intraday reversal. The NASDAQ closed the day in the green after being down nearly

5% at one point. Now we're down a bit again today, analysts trying to pick the winners.

Two ideas today for very different reasons.

Loop Capital upgrades Snowflake, and there are two bullish notes on Coinbase.

But let's start with Snowflake and the debate over whether a stock like that is cheap or expensive right now.

Mike Santilley, I don't know if it's cheap by any measure, but what's your take?

Yeah, John, I mean, the debate is around whether down a lot equates to cheap and whether

cheap is related to a stock's own history or, in fact, outright absolute value.

That's a big question.

Now, if you take a look at Snowflake and the

broader cloud ETF since Snowflake's ETF, yes, it is down from the peak quite a fair bit.

But not as much as some stocks, though. I mean, it's only down 35% snowflake. Palantir is actually

down more like 70% from its peak. And you want to talk about valuations, okay, sure, price to sales ratio for Snowflake peaked above 100 shortly after the IPO.

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