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This Potential Metaverse Winner Is Down 13% in 2022, and It Is a Screaming Buy

TheMotleyFool

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This Potential Metaverse Winner Is Down 13% in 2022, and It Is a Screaming Buy

Goldman Sachs estimates that the Fed could hike interest rates four times in 2022. This expectation has weighed on tech stocks in the new year -- higher interest rates will make bonds more attractive, while rising inflation may dent high-growth tech companies' prospects due to higher borrowing costs.

It's not surprising to see some of the top tech stocks that crushed the broader market handsomely in 2021 take a beating this year. Shares of Synaptics (NASDAQ: SYNA), for instance, had shot up 200% in 2021, but the stock has been down big time in 2022 so far.