I'm Carl Kintania. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in. Good Monday morning. Welcome to Tech Check. I'm Carl Kintania with John Fort and Julia Borston. Deirdre has the morning off. Today we're kicking off November with some top picks across media and cloud. How to play big growth in the space as the Dow S&P and the NAS hits from record highs today. then investing in the Metaverse.

Who will be the key winners and losers are to play big growth in the space as the Dow S&P and the NAS hit some record highs today.

Then investing in the Metaverse, who will be the key winners and losers across both hardware and software?

And then finally release the Crackin, the $20 billion crypto exchange taking on Coinbase later this hour.

And we are now one month into Q4 officially 82% of S&P 500 companies that have reported so far have beat expectations for earnings on semi is up.

12% right now on some strong results. NXP and Arista networks after the bell with Uber, Roku Square, Pinterest.

Later in the week.

Dom Choo's got a look at some key themes to watch here, Dom.

All right, so let's talk about what's been driving the momentum.

Where has the momentum been over the course of the past month or so? And for the market overall, it's maybe been where you would expect.

For the S&P 500 at record highs that we just hit today, a lot of the movement has come in certain key sectors of the market, namely in consumer discretionary and, of course, in energy.

We've seen oil prices going higher over the course of the last several months, arguably since the last year since the pandemic lows. So if you take a look at the

sectors that are doing the best, it has been consumer discretionary. It has been energy. The place

that has been the biggest laggard is communication services. And we've highlighted why that

weakening momentum in social media has been driving some of that trade. Now, within those

stocks that you want to watch, the ones that have been gaining some of that trade. Now, within those stocks that you want to watch,

the ones that have been gaining some of that speed have been in semiconductors. You take a look at

some of the big names like Invidia, also Tesla and Xilinks. Now, Tesla has been a big driver

of that consumer discretionary trend, 63% year-to-date gains there, but then Nvidia and Xilinx as well, highlighting

just how much momentum there has been in certain parts of the semiconductor market.

If there's one place that you're going to want to watch, though, in the course of the next

month of trading, it has generally been some of the places in the market that have seen

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