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 Kintanaia with John Ford. Deirdre is off today.

This morning, stocks coming off their worst drop in weeks, as you know. Investors are eyeing a rate hike tomorrow.

That could be the Fed's biggest in decades. If Coinbase is anything to go

off of, there's more pain to come, at least for crypto. announcing some layoffs, we'll get some more

on that. But that said, not all of techs created equal from Oracle's big win to Deutsche's call on

Apple today. We've got the street's top tech picks this hour, John. Yeah, let's start with a big

winner this morning, Oracle. That stock surging up about 9% after locking in a beat on the top

and bottom lines. License revenue, a big driver for the quarter, two nine-figure deals,

Oracle mentioned. It's evidence the company's push to move customers to the cloud, gaining some traction,

CEO, Safra Kat, saying she sees their cloud business growing more than 30% in constant currency

in 2023.

All that good news coming despite these current macro challenges call, you know, I was wondering

how Oracle was going to fare,

given the strength we saw in MongoDB, which is sort of this cloud database upstart.

The upside surprise in Oracle revenue, $240 million above the constant currency guide.

That's almost as big as all of MongoDB's revenue

for the quarter that they just reported 285 million. So I guess a couple ways to look at that.

It shows the overall size of Oracle. Of course, Oracle does a lot more than just database,

but also the growth opportunity for some of these scrappier players. And despite the macro backdrop, there still is demand for this infrastructure technology.

Yeah, Morgan Stanley today, John, positive read on software and IT demand.

But they point out that the pushback is that the beat was driven by legacy license strength,

...