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 Thursday morning and welcome to Tech Check. I'm Dear Joe Bozo with Carl Kintania and John Fort.

Today, Envidia and Snowflake forecasting some monster years ahead. So why are the stocks down this morning?

We will explain. Plus, the fangbasket and names

like Twitter and Tesla having their best week in more than a month. We'll break down what is behind

that surge. And finally, Andy Jassy's vision for Amazon, some clues from Jeff Bezos on what could

be in store for the incoming CEO next. Carl?

D, so far it's been a mixed day for stock, so the Dow is up.

We did get our best intraday level since about May 10th, NASDAQ near the flatline.

Fang and Tech, though, names like Twitter and Tesla are actually having their best week since early April, and Bitcoin's getting a balance as well, trying to close

in on 40,000. But John, it is definitely about the earnings that we got last night. Yeah, we mentioned

it before. Let's take a closer look. Invidia and Snowflake, both names showing big growth,

but they already had healthy multiples. Invita, reporting a big boost in chip demand, but it's not

clear how much is tied to

cryptocurrency mining and how durable that is.

And meanwhile, Snowflake saw sales more than double alongside losses that rose as well.

They are projecting that their growth rate will slow.

Both stocks lower this morning, Snowflake more than Nvidia, as high growth names continue to

underperform the S&P. So what is the play

for investors? Deirdre, with Snowflake, you can't expect them, I suppose, to double forever,

though they did beat their guide. They guided to a little under doubling and then they more

than doubled. You know, I think at this stage, investors are

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