Nvidia (NASDAQ: NVDA) and Snowflake (NYSE: SNOW) are no exceptions, with the companies down 53% and 49% year-to-date, respectively. Many tech stocks have taken it on the chin recently as investors have started to worry about how rising inflation and a looming recession will impact these businesses. On the flip side, the data center chips & systems and automotive segments represent 60% of it, and the company is thriving on those fronts.