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 Friday morning. Welcome to Tech Check. I'm Carl Kingtonia with D.Rbosa. John is off delivering the commencement address at his alma mater this weekend. Congrats to him. Today, a pretty significant interday swing. Stocks have turned lower lower and we're bargain hunting for some tech

names these small and mid-cap names to target and what to watch within software then what's wrong with

Apple stocks having its worst months since 2020 we'll give you some bull and bear cases this hour

later on a big beat and a surge for palo alto networks ahead of our CEO interview Monday

why cloud and cyber security may be, quote,

too cheap to ignore geek. And happy Friday, Carl, it has been quite the week. We will kick off

today's feed with some opportunities within tech. CNBC did a screen of relative cheapness on a number

of different metrics. Dom Choo joins us with that screen. Dom, what are the names you got? All right, so a multi-factor

screen, if you will. Our analyst team over at CNBC on the market side of things wanted to find

a relative value, kind of more deep value hunting type, at least stock picking screen. So here's what

they came up with. First of all, if you look at the S&P 500 overall, not just the NASDAQ 100, but the S&P, a broader measure. You've got those S&P components, a forward price to earnings ratio from a valuation basis of each of those stocks that is now below their five-year average forward PE. So it's trading each component at a discount to where it has on average for the past five years.

The stock also has to have declined by at least 20% from its recent highs,

expected earnings growth of 20%, so still a decently good profit-generating business,

trading at a discount and a discount valuation,

and then at least half of

the analysts who cover that stock say that it's a buyer equivalent rating. A lot of different

factors, but a number of stocks pass the test. And we're going to focus on some of the tech

names right now. Maybe no surprise that when it comes to value and profit growth and everything else with regard to kind of the

overall pullback we've seen, semiconductor stocks, many of them made that list.

Advanced micro devices, AMD, is now trading at a 61% discount to where it normally does on a

forward price to earnings basis over the last five years.

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