The tech industry has been battered and bruised in 2022, with the Nasdaq-100 Technology Sector index plummeting 35% year to date and many companies suffering much steeper declines. The stock market sell-off has primarily stemmed from rises in inflation, leading to decreased consumer spending. 

Microsoft (NASDAQ: MSFT), Advanced Micro Devices (NASDAQ: AMD), and Apple (NASDAQ: AAPL) have each watched their stocks experience double-digit declines since January. However, these companies continue to have promising outlooks and are excellent buys to hold for the long haul. Here's why. 

As the home of hard-hitting brands such as Windows, Office, Azure, and Xbox, Microsoft has become a dominating presence in multiple markets. The company's stock has slid 24% year to date amid economic headwinds. However, it remains a robust business with strength in its diversification. 

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Source Fool.com