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 Friday morning. Welcome to Tech Check. I'm Carl Kintanaia with Deerboza and John Ford. At hot CPI data today, tanking stocks. Tech tumbling the most. Nasdaq's on pace for its ninth down week. The worst stretch since 2002. We're going to talk to Kramer about how we play this in just a moment. And then it's the earnings mover of the morning.

Doc you sign down. week. The worst stretch since 2002. We're going to talk to Kramer about how we play this in just a moment. And then it's the earnings mover of the morning. DocuSign down more than 20% after results that one firm called a debacle. Three downgrades today on the street. The CEO is right here on Tech Check First on CNBC in just a moment, deep. Well, as you said, Carl, we've got Jim Kramer back in the house with us in San Francisco.

What a great day to have you. Inflation, recession risk, all the things that we've been talking about this morning, hitting tech once again. The hardest. The NASDAQ is down three and a third of one percent. What do you do with the sector at a time like this? that's leading it down and it's Campbell's Soup and Smucker and Kellogg and Hershey that are leading us up. And that's just the worst accommodation. That just says total recession. And no more conceptual stocks, no more buying stocks that have a high price earnings, multiple. When you see something like this, Deirdre, I really believe that it's an extreme, that you get this and you

begin to think, you know what, if we have another day or two like this, enough, you get this, you do get an unweed to the downside. And that makes you want to buy some stocks. My Chabletrust bought some stocks today. And it's a very simple reason why. But you're not buying tech really right now. No, you can't buy, I don't want to buy tech yet. And the reason I want to buy

tech yet.

And the reason I want to buy tech yet is DocuSy.

Now, you've got an CEO coming on.

The analysts actually have turned on the company.

Yeah.

That is the bottom.

When you start hearing the analysts basically say,

Georgia, this is not a good company or stock. I think it's a bad

stock. Well, they're late to it, too. You saw a bunch of downgrades today, which may not be all

that useful. There's towel throwing. That was genuine towel throwing this point. Okay, so Jim,

though, we see DocuSign is the biggest laggard on the NASDAQ 100, but you look a few names down.

Adobe, down seven and a few names down, Adobe,

down 7 and a half percent this morning. Does that make sense to you? This is supposed to be a more recession-proof stock. Yes, it's in advertising, but far more immune to it. You spoke to

Shantan. It's a source of funds. It's got a lot of, you know, when you sell some Adobe, you've

suddenly raised money. It's a out of $, you know, when you sell some Adobe, you've suddenly raised money.

It's a $394 amount of dollars. And you say, you know what? I need this. I mean, Carl, what I'm seeing basically is a very simple. I need to raise money. I'm obviously going to start selling the good ones. I'm going to sell DadaDoh, which had a terrific quarter. I'm going to sell Adobe. I can sell it last year, which had a really good quarter.

But I'm also going to sell Docu Dog, which had a terrific quarter. I'm going to sell Adobe. I'm going to sell it last year, which had a really good quarter. But I'm also going to sell DocuSign because DocuSign refuses to acknowledge that things are not as good as they like. They do

not do the DARA. The Dara is to send a memo on everyone saying, listen, our shareholders

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