If you’ve been investing for a few years, you may have heard of FANG or FAANG stocks — and you may be wondering if those terms are still used.
Big tech has changed a lot during the 2010s and 2020s, and the acronym for the biggest tech stocks has changed, too. FANG became FAANG, then FAAMG or MAMAA, depending on whom you ask.
Here’s why the acronym keeps changing and what one financial advisor says about investing in big tech stocks today.
What are FANG stocks and FAANG stocks?
Investment pundits Jim Cramer and Bob Lang popularized the term in 2013. Cramer added Apple to the group in 2017, coining FAANG.
The FAANG stocks grew rapidly during the mid- to late 2010s, becoming increasingly influential over the stock market.
At the end of 2014, the FAANG stocks accounted for about 7.4% of the market capitalization of the S&P 500. By the end of 2019, that share had nearly doubled to about 14.4%.
Over that same period, the combined market cap of the FAANG stocks grew by about 178.5%, while…
This article was written by Sam Taube and originally published on www.nerdwallet.com