I'm John Fort.

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Happy Wednesday. Welcome to Tech Check. I'm John Ford with DeGrabosa and Julia Borsden. Carl is off.

Today, Dash drops cash on an acquisition as shares rocket higher. Is this the top or just the beginning?

We will tell you why the stock is actually getting downgraded by somebody today,

though there are also some price target hikes.

Plus, the other side of the coin is, well, coin getting crushed after a revenue miss.

That stock is now back below its IPO price. So later, does Tesla finally have a legitimate competitor in EBs?

Amazon certainly hopes so.

Rivian's set to go public in one of the biggest IPOs of all time.

At early indications, it'll be larger than Ford and GM when it opens for trade it.

And we've got the CEOs of Unity, Fubo TV, and Doxivity, all on earnings all this hour.

Dee?

Yeah, John, lots to get to. You can't take our eyes off of that riving indicated open. But before we get to some of those sharp moves and stocks and IPOs, we do want to start with a broader look at the market. A measure of inflation came in very hot this morning. CPI seeing its largest surge in three decades. That hit tech stocks, though. They as a sector have recovered a bit

this morning. High flyers like AMD, Nvidia, Atlassian, leading us lower. But also, we're looking at

big cap tech, alphabet, meta, Apple, Microsoft. They have all been lower this morning by about a percent

or more. Turning to a stock in the green, though, to start off DoorDash, a big and early trading.

Now seeing shares up more than 16%. It was a mixed but solid quarter with a revenue beat,

but wider than expected losses. It was Dash's $8 billion acquisition, though, delivery company,

Volt, that turn shares around post-earnings. Here is CEO, Tony Shue, with Jim last night.

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