What is the acronym for big tech stocks?

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 the 5 biggest tech companies?

FAANG—otherwise known as Big Tech or the Big Five—is an acronym that refers to five of the most prominent American technology companies: Meta (formerly Facebook), Amazon, Apple, Netflix, and Alphabet (formerly Google). Whether we like it or not, there are a very small handful of tech companies that dominate the tech industry as a whole.

Are big tech companies a prestigious employer?

In February 2024, the combined market capitalization of the Magnificent Seven tech companies exceeded the combined value of every public company in every G20 country except China, Japan, and the United States as a whole. Big Tech companies are considered among the most prestigious employers in the world.