Down years in the tech sector are quite rare. In fact, the Nasdaq-100 technology index has delivered a positive annual return 78% of the time since 1986. Moreover, consecutive down years are even more rare -- that has only happened once for the Nasdaq-100, during the dot-com bust from 2000 to 2002.

But losses are fresh in investors' minds, because 2022 happened to be one of those unlucky years. The tech index plunged 33%, and many individual stocks fared even worse. 

History shows that the market usually comes back strong. The table below shows the return of the Nasdaq-100 in the first positive year following the losses recorded in 1990, 2002, 2008, and 2018.

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Source Fool.com