What's next after a brutal year for tech? Market watchers share their views — and top stock picks

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Tech stocks have sold off massively this year, and even Big Tech hasn't been spared. CNBC Pro sifts through Wall Street research to find out what's next.

If you invested in tech stocks in 2022, chances are you're sitting on a loss right now. The tech-heavy Nasdaq Composite is down more than 30% this year. That's worse than the S & P 500 or the Dow Jones Industrial Average , which have lost about 20% and 10% of their market values, respectively, in the same period.

I still think the cloud has a lot of legs, not just in the US, but also abroad," Meeks, a portfolio manager at Independent Solutions Wealth Management, told CNBC in an interview last month. Wedbush analyst Dan Ives, a longtime fan of the cybersecurity sector, wrote in a Dec. 18 note that spending on cybersecurity will be a "pillar of strength" for the tech sector in 2023. His top picks include Palo Alto, Zscaler and Tenable Holdings .

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