Even after July and early August's impressive bounce, the vast majority of technology stocks have had a terrible 2022, with most still down double digits on the year. The Nasdaq Composite is still down about 17% on the year, and the semiconductor and hardware-focused Van Eck Semiconductor ETF (NASDAQ: SMH) is down more than 20%.

So when you find a stock that has defied its sector and is now up a whopping 49% on the year, it may be an indication of a long-term outperformer. Here's how this one under-the-radar tech name is defying the odds.

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Source Fool.com