Shares of semiconductor giant Micron Technology (NASDAQ: MU) are down 35%, and shares of real estate technology company Zillow Group (NASDAQ: Z)(NASDAQ: ZG) have fallen 78%. During 2020 and 2021, the pandemic disrupted supply chains, which drove a shortage of important chips, so producers like Micron had pricing power and worked overtime to meet demand. In order to cool inflation -- which hit a 40-year high in June last year -- the U.S. Federal Reserve embarked on the most aggressive campaign to hike interest rates in its history.