Mark Cuban Argues Why FANG Stocks Are Still Undervalued

The "

FANG" trade — an acronym used to group together some of the hottest technology and internet stocks including Facebook Inc FB, Amazon.com, Inc. AMZN, Netflix, Inc. NFLX and Google/Alphabet Inc GOOG GOOGL — has been a winning one.

Feeling Fierce For FANG

All four stocks are trading near their respective historical all-time highs, begging the question: Is it too late to jump aboard? Mark Cuban, the famed billionaire entrepreneur, "Shark Tank" personality and owner of the NBA's Dallas Mavericks, certainly doesn't think so. Speaking as a guest during CNBC's "Fast Money" segment after Thursday's market close, Cuban thinks the FANG group's incredible run is merely getting started. He believes investors are completely misunderstanding the large potential for these companies, which are all operating in some form of deep learning.

"However big you think deep learning and neural networks are going to be, it's going to be bigger," Cuban said.

Among the four members of the group, Cuban likes Amazon the best as it is the "ultimate AI" company. He justified his pick by pointing to Amazon's desire to open grocery stores — not because it sees an opportunity in selling food, rather it serves as a gateway to find out what consumers need, when they need it before the consumer himself even understands what it buys and why.

The opportunity to obtain and leverage this information on a global scale is "beyond enormous."