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This Neglected Tech Stock Is Trouncing the Market in 2022

TheMotleyFool

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This Neglected Tech Stock Is Trouncing the Market in 2022

The first five months of 2022 have been rough for nearly every technology stock. High-flying software stocks bid up during the pandemic have come crashing back to earth, and even ultra-profitable tech giants like Microsoft, Apple, Amazon, Meta, and Alphabet are down double-digit percentages. There's been nowhere to hide.

Almost nowhere to hide, that is. International Business Machines (NYSE: IBM), a tech giant that's long been written off as a dinosaur by many, came into 2022 with expectations at rock-bottom levels. Despite the market sell-off, IBM stock has managed to eke out a 4% gain year to date.