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

Our show is live weekdays at 11 a.m. Welcome to Tech Check. I'm Carl Cantonia with John Ford, Dear Drubosa, and Julia Borsden.

Today, the fragility of the tech rally is a reset coming ahead of earnings.

Then Apple is eating everyone's lunch.

Legendary venture capitalist Vinod Kostla is going to join us and weigh in.

Later on, Netflix won't chill, planning and expansion into video games, Dee.

And we'll start on markets this morning, Carl Tech stocks. They continue to print record highs,

but some are calling this a fragile bull market. Let's bring in our Mike Santoli for more. Mike,

right as we're heading into earnings, some are arguing that these stocks are priced for perfection, and there's risk in that.

You know, Dee, I think it depends where you want to look in terms of whether we're talking

the very largest NASDAQ stocks, which have had this great run and have carried the market

for several weeks right now, in which you'd have to say, yes, they look like they've

kind of rebuilt that

big valuation premium, but they're not where they were late last summer in terms of dominating

the overall market move and really being aggressively valued, even relative to their earnings

contribution. So obviously case by case, the setup might be difficult because the stocks have

run like a Facebook or Alphabet and now Apple.

But I think that what's interesting is the segmentation of the unprofitable tech companies,

the really kind of, you know, earlier stage emerging growth type tech names that have suffered a lot

because there seems to be a little bit less of a risk appetite right at this moment.

Biotech's been weak.

A lot of the kind of up-and-coming

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