Advanced Micro Devices (NASDAQ: AMD), Taiwan Semiconductor Manufacturing (NYSE: TSM), and Palo Alto Networks (NASDAQ: PANW) are three such stocks that have borne the brunt of the sell-off in 2022. Advanced Micro Devices' chips are used in a variety of applications ranging from personal computers (PCs) to workstations to data centers to gaming consoles, and all of these markets seem built for robust long-term growth. The company has also been gaining ground in the server processor market, with its share increasing to 10.7% at the end of 2021 from 7.1% in the prior-year period.