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Individual Investors Ramp Up Bets on Tech Stocks

Technology stocks have taken a beating this year. Many individual investors have used it as an opportunity to double down.

The Nasdaq Composite Index—home to the big tech stocks that propelled the market’s decadelong rally—has fallen 21% in 2022. Shares of Amazon.com Inc. and the parents of Google and Facebook have suffered double-digit declines as well, stung by higher interest rates and souring attitudes about their growth prospects.