One of the most powerful tech stocks (June, 2022)

 IBM stock has quickly become one of the top-performing tech stocks of 2022. Here's where to buy the dip.
No one seems to be talking about International Business Machines  (IBM) - Get International Business Machines Corporation Report lately, but that's because no one ever seems to be talking about IBM!
Yet, it's been one of the best-performing stocks in the tech sector. 
While IBM is a big firm with a $130 billion market cap, the rise of other tech conglomerates now dwarf IBM and its once-mighty hold on the sector.
Alphabet  (GOOGL) - Get Alphabet Inc. Report  (GOOG) - Get Alphabet Inc. Report is more than 10 times the size of IBM, while Apple  (AAPL) - Get Apple Inc. Report is 20 times larger. About 13 years ago, IBM was slightly bigger than both Apple and Alphabet, as measured by market cap.
That puts into context how IBM has failed to keep pace over the years. However, the stock has not failed to keep pace this year.
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So far on the year, IBM stock is actually up 5.6%. That’s as Apple and Alphabet are down 16.6% and 19.1%, respectively. For what it’s worth, the Nasdaq is down 22.5% so far in 2022.
Further, IBM stock is down just 2.2% from its 52-week high (adjusted for the dividend), which it hit earlier this week. The others — Apple, Alphabet and the Nasdaq — are down much more, at 18.6%, 21.8% and 24.6%, respectively.