FAANG Stocks: Definition and Companies Involved
What Are FAANG Stocks?
In finance, “FAANG” is an acronym that refers to the stocks of five prominent American technology companies: Meta (META) (formerly known as Facebook), Amazon (AMZN), Apple (AAPL), Netflix (NFLX); and Alphabet (GOOG) (formerly known as Google).
The term was popularized by Jim Cramer, the television host of CNBC’s “Mad Money,” in 2013, who praised these companies for being “totally dominant in their markets.” Originally, the term “FANG” was used, with Apple—the second “A” in the acronym—added in 2017.
Key Takeaways
- FAANG is an acronym referring to the stocks of the five most popular and best-performing American technology companies.
- These are Meta (formerly known as Facebook); Amazon; Apple;…
