Hardware companies aren't impacted by inflation. But it doesn't matter.

When inflation spikes, the market sells everything. Not because every company is equally impacted, but because every investor is.

Inflationary selling happens as investors don't want to be left holding falling stocks, need cash, or want to play anticipation.

Don't assume your stock won't go down because its fundamentals aren't affected by inflation.

They might not be. But its holders are.