Tuya (TUYA) , a leading global provider of IoT development platforms, has seen its stock decline 32% year to date (YTD), significantly underperforming the Zacks Internet - Software industry’s return of 28.8%. The stock has also underperformed the Technology Select Sector SPDR Fund (XLK) ETF’s YTD return of 20.1%.While the plunge raises concerns about Tuya’s near-term challenges, the long-term investment case appears compelling. Tuya’s strong fundamentals, growing market presence and strategic initiatives po ...