
After an outstanding run in the last 10 years, the rally in tech stocks has come to a screeching halt in 2022. The possibility of multiple interest rate hikes and supply chain disruptions are likely to impact the revenue and profit margins of tech stocks, resulting in a sell-off.
Semiconductor stocks such as Advanced Micro Devices (AMD) and ASML Holding (ASML) are currently trading 30% and 25%, respectively, below their record highs. However, both stocks have generated more than 1,000% in total returns since March 2012.