Tech stocks have been hit hard in 2022, with the biggest companies in the world losing investors' trust as inflation continues to rise and consumer spending declines. Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) has been affected, with its share price falling 34% year to date. 

As Google's parent company, Alphabet has permeated the tech industry in a way few other businesses have been able to. It has used its brands to grow its market share in the lucrative advertising industry and has also seen positive cloud-market growth, offering prospective investors a green flag. However, Alphabet has gained a reputation for prematurely shutting down services, making consumers unwilling to adopt its new products.

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Source Fool.com