Inflation has run rampant in the U.S. during 2022, which has sent interest rates higher, consumers' disposable income tumbling, and investors trimming their exposure to the stock market.
As a result, the Nasdaq-100 technology index has declined by 28% this year, which isn't a hard mark to beat, but Apple (NASDAQ: AAPL) and Axcelis Technologies (NASDAQ: ACLS) have done so convincingly.
Apple stock has declined by 17% year to date, outperforming the Nasdaq-100 by 11%. Axcelis Technologies is in the green to the tune of 3%, beating the tech index by a whopping 31%.
For further details see:
2 Unstoppable Stocks Set to Crush the market (Again) in 2023