The "FANG" acronym was coined by CNBC's Jim Cramer to group together four of the hottest tech names: Facebook Inc (NASDAQ:FB), Amazon.com, Inc. (NASDAQ:AMZN), Netflix, Inc. (NASDAQ:NFLX) and Google ((parent company, NASDAQ:GOOG) (NASDAQ:GOOGL)).
For years, Apple Inc. (NASDAQ:AAPL) wasn't included in the list — but it is now with the creation of the "FAANG" acronym.
Speaking as a guest on CNBC's "Squawk on the Street" Tuesday, Gene Munster was posed an interesting question: How can companies like Snap Inc (NYSE:SNAP), NVIDIA Corporation (NASDAQ:NVDA) or even Tesla Inc (NASDAQ:TSLA) achieve stardom like the FAANG group has?
FAANGSTN
For the time being at least, the group of hottest tech stocks will remain just Facebook, Amazon, Apple, Netflix and Google/Alphabet and won't be expanded to include Snap, Tesla and/or Nvidia.
Munster explained that Snap is a victim of Facebook's might and Snapchat's platform is showing signs of weakness based on its disappointing daily active user growth in the most recent quarter.
While Tesla is certainly a disruptor it may fall short of "FAANG"-worthy status but will nevertheless be an outperform over the next 10 years.
As for the final "N," Nvidia is well-positioned to be a pioneer in artificial intelligence and next-age technologies. Even though the stock has already performed "tremendously well," it will still prove to be a "big winner" over the many years ahead.
Related Links:
Mark Cuban Argues Why FANG Stocks Are Still Undervalued
Short Sellers Digging In On FANG Despite $3.3 Billion In Losses This Year
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
