Due to the hike in interest rate, the tech stocks have suffered large losses during the past 6 and 12 months. 

For the past 12 months, the largest drops were Zoom (-72.38%), Spotify (-65.28%), Facebook (-60.81%), Alibaba (-59.73%) and Netflix (-57.38%).

For the past 6 months, the largest drops were.Facebook (-38.69%), Spotify (-35.41%), Tencent (-35.24%), Tesla (-35.04%) and Zoom (-31.35%).

The tech stocks moved up sharply during the previous two years and have since dropped sharply.