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Aditya Raghunath

Down 17%, Should Investors Buy the September Dip in This FAANG Stock?

FAANG Netflix NFLX Hollywood

FAANG is an acronym for mega-cap tech companies such as Meta Platforms (META) (previously called Facebook), Amazon (AMZN), Apple (AAPL), Netflix (NFLX) and Alphabet (GOOGL), formerly known as Google. Each of these stocks has gained significant ground on the back of an artificial intelligence (AI)-fueled rally year-to-date.

Here is how the FAANG stocks stand so far in 2023:

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