I'm Julia Borsden, and you're listening to CNBC's Tech Tech.

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Good for morning. Welcome to Tech Check. I'm Carl Kintanilla with John Ford and Julia Borsten. Dear Dubosa is off today. Never ever goes down. Larry Ellison takes a shot at Amazon

as Oracle takes a big leg higher, Broadcom rallying as well as semis continue to outperform.

We'll dig into both.

Plus a downgrade of Peloton, why Credit Suisse says the stock is coasting in the wrong directions.

We'll talk to the analysts making that call.

And then Google employees say they want inflation pay, why leadership is pushing back and what it reveals about labor in Silicon Valley right now, Julia.

And inflation data coming in hot this morning, but not as bad as fear. The tech sector is back

in the green following yesterday's sell-off, but the underperformance of growth still the biggest

theme. Or Mike Santoli is watching that down at the NYSE.

Yeah, Julia, it's made for something of an uneven market, the way that it's breaking down in terms of some of the big, more defensive names within growth, and then the rest of the

market. If you kind of look how it has set up over the last several months, a lot of talk about

how the top handful of names in the NASDAQ have been

disproportionately responsible for the overall year-to-day gain in the broad composite. So here you see

this separation opening up between the NASDAQ 100 and the NASDAQ composite, which normally

would be a lot closer. You see just back earlier in the year, it was actually much more

in sync. And then, of course, we have the cloud ETF.

That's really been kind of the epicenter of where a lot of the high growth, high expectation stocks, they've fallen apart.

IWO is just the general small cap growth category.

It's actually kind of interesting how cloud small cap growth have basically gone in sync over the last several months.

It shows me that it's mostly about the modulation of the risk appetites and the kinds of

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