I'm Deerreboza, and you're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m.

Eastern. Listen in. Good Wednesday morning. Welcome to Tech Check. I'm Carl Kintania with Deerbosa and

John Ford. Today, put a pin in it. A leadership change at Pinterest. Investors applauding

that decision at first, but shares are off of the highs. Is now the time to buy,

or is there a greater issue with the business model? Plus, could TikTok really be banned

from US app stores? One member of the FCC asking Google and Apple to do just that.

Commissioner Brendan Carr is going to be with us in just a few moments. And then finally,

a big call on the internet sector, J.P. Morgan slashing targets

for 26 names. We're going to tell you which ones they think still have the most upside, D.

First up, Carl, let's turn to a big short in the cloud investor Jim Chanos. He is targeting

data center reeds like digital, realty trust and equinix. This is the industry, next industry,

he says, to fall. Now, these are the funds that own the physical data centers, the giant

warehouses where technology companies actually store the cloud data. Chanos telling the Financial

Times that, quote, the story is that although the cloud is growing, the cloud is their enemy,

not their business. Value is

accruing to those cloud companies and not the brick and mortar legacy data centers. Their

three biggest customers, he says, are becoming their biggest competitors. Those customers,

of course, the cloud giants, Amazon, Alphabet, Microsoft, which Chanoos calls three of the most vicious

competitors in the world. Guys, we've already seen as much from Alphabet, Microsoft, which Chano calls three of the most vicious competitors in the world.

Guys, we've already seen as much from Alphabet earlier this year.

It announced that it was going to invest nearly $10 billion in office space and data centers.

And even in that announcement from CEO Sundar Pichai, he alluded to the idea that he wanted to do it himself.

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