I'm Carl Kintanilla. 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 Ford.

Coming up on the show today, NASDAQ hits another new intraday high. We're going to break down the divergence between caution and crazy.

Then a software step back, why the sector has become a tale of Microsoft and everyone

else. Later, Netflix gets a boost as two different firms raise their price target, including

a new street high. We're going to tell you what's behind the recent bullishness, John.

Yeah, and we will start the hour with a look at software. On Friday, we brought you

exclusive earnings interviews with the CEOs of

Enterprise Software, Upstarts, PagerDuty, and MongoDB, which both saw shares surge. The continued

shift to hybrid work, accelerating growth, but one of the legacy players in the space, Microsoft,

outperforming a lot of its peers this year, Dom Chu, looking at what names might be able to catch up, Dom.

So John, Carl, first of all, those three tickers, Microsoft, PagerDuty, and MongoDB,

among the most search tickers on CNBC.com in Friday's session.

And for good reasons, it's a big news along with PagerDuty and along with some of these

other software stocks.

But software has been, to a certain extent, an underperformer so far this year, at least

from an industry-wide perspective.

We'll leave Microsoft for a second here.

But take a look at this.

The I-Share's expanded tech software, ETF, which houses a lot of names like Microsoft,

Adobe, Salesforce, and others, along with some

communication services names, have now underperformed the XLK, which is the technology sector

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