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Most software and AI names have suffered big losses this year amid increased global uncertainty, but there is a software stock that is bucking this trend. As you can see below, monday.com ($MNDY) has outperformed the tech-heavy index by a margin so far this year, even after falling over 20% from recent highs.

Monday’s solid year-to-date return is backed by its impressive fundamental performance that has rewritten the company’s growth narrative, and the current dip might be a good opportunity to open a position in this high-flying enterprise software name. Let’s take a deeper dive.