2022 was the year that technology stocks came crashing back to Earth.
The Nasdaq stock market, where most technology stocks are listed, was down 33% for the year. The Dow Jones Industrial Average dropped 8.8% and the S&P 500 was down 19.4% for the year.
With increasing interest rates and war in Ukraine, investors put a brake on the stock market and money-losing technology companies were hit especially hard. Cryptocurrency Bitcoin also plunged 64% on the year.
Below is a table of top technology stocks and their declines in 2022.
| Company | Stock Symbol | Year End Stock Price | Yearly Decline (2022) | Market Cap |
|---|---|---|---|---|
| Adobe | ADBE | $336.53 | -40.37% | $156.45 billion |
| Alphabet | GOOG | $88.73 | -38.84% | $1.14 trillion |
| AMD | AMD | $64.77 | -56.89% | $104.43 billion |
| Apple | AAPL | $129.93 | -28.61% | $2.07 trillion |
| Applied Materials | AMAT | $97.38 | -39.11% | $82.2 billion |
| Broadcom | AVGO | $559.13 | -15.71% | $233.65 billion |
| Cisco | CSCO | $47.64 | -24.57% | $195.71 |
| Crowdstrike | CRWD | $105.29 | -46.91% | $24.68 billion |
| Doordash | DASH | $48.82 | -66.41% | $18.95 billion |
| Fortinet | FTNT | $48.89 | -26.61% | $38.19 billion |
| HP | HPQ | $26.87 | -29.33% | $26.39 billion |
| Intel | INTC | $26.43 | -50.33% | $109.08 billion |
| KLA | KLAC | $377.03 | -13.34% | $53.43 billion |
| Lam Research | LRCX | $420.30 | -42.06% | $57.32 billion |
| Meta Platforms (Facebook) | META | $120.34 | -64.45% | $319.09 billion |
| Netflix | NFLX | $294.88 | -50.64% | $131.23 billion |
| NVIDIA | NVDA | $146.14 | -51.48% | $359.5 billion |
| Okta | OKTA | $68.33 | -69.31% | $10.95 billion |
| Palo Alto Networks | PANW | $139.54 | -23.08% | $42.19 billion |
| Roku | ROKU | $40.70 | -82.55% | $5.67 billion |
| Salesforce.com | CRM | $132.59 | -48.1% | $132.59 billion |
| SVB Financial | SIVB | $230.54 | -66.56% | $13.6 billion |
| ServiceNow | NOW | $388.27 | -38.38% | $78.43 billion |
| Synaptics | SYNA | $95.16 | -67.02% | $3.79 billion |
| Tesla Motors | TSLA | $123.18 | -69.2% | $385.9 billion |
| Twilio | TWLO | $48.96 | -81.33% | $9.03 billion |
| Uber | UBER | $24.73 | -43.73% | $49.32 billion |
| Workday | WDAY | $167.33 | -36.55% | $43.0 billion |
| Zscaler | ZS | $111.90 | -62.93% | $16.14 billion |
