The Nasdaq Enters Correction Territory, Piper Sandler Downgrades AMD to Neutral & Previewing Tonight’s Netflix Earnings

Our anchors begin today’s show with CNBC’s Mike Santoli covering the Nasdaq’s historic drop to start the year as the index enters correction territory. Then, Index Ventures Partner Nina Achadjian joins to discuss the current drop-off in valuations and the potential for an increase in big tech M&A. Next, Piper Sandler analyst Harsh Kumar visits after downgrading chipmaker AMD to neutral and lowering its price target. Our Julia Boorstin also covers Netflix’s focus on international subscriber growth before the streaming platform posts earnings tonight, with analysis from Former Hulu Head of Content Acquisition Alex Kruglov. Later, CNBC’s Ylan Mui breaks down the Senate tech antitrust bill gaining bipartisan support, and note-taking app Evernote Co-Founder Phil Libin expands on his opposition to the metaverse.