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 Tuesday morning. Welcome to Tech Check. I'm Carl Cantonia with Deird Robosa and John Ford.

Stocks are near the flat line trying to avoid their fourth straight day in the red.

Got a brief test to the bottom, and that proved temporary as this morning's rebound disappears.

This hour,

we're going to talk about tech opportunities at these levels, though. Our first guest likes chips,

saying there's a discount to be had for those looking to be buyers today. Paul Hickey of Bespoke joins us to start the hour. Paul, good to see you. Before we get the chips, you did say that

today's trading would be instructive. What's

it telling you so far? Well, I mean, what we're seeing is, and Bob Pisani was talking about it

in before the show started, that we're in the market here where it just can't hold on to any rallies.

Days where the NASDAQ trades higher interday, but finishes lower, we've seen, you know,

where it just pulls back at the highest rate over the last five months going back to 2010.

So it's not necessarily encouraging signs from a short-term perspective.

But again, you don't tend to see, you know, a straight up if you are going to rally.

So, I mean, it's not surprising, given the overall trends we've seen over the last several days.

And I think we're just going to see this going forward.

We did point out some of the strength, relative strength this morning in semiconductors.

And we still got the SMH up better than

1%. What leads you to them right now? Well, so it's pretty interesting here. So if you look at the,

you know, we're talking about Uber, talking about now focusing over profits, over growth. So you

look at overall valuations in the market. The tech sector, a lot of the air out of its premium multiple has come in so far this year,

but it's still trading at a higher than average premium to the S&P 500.

...