FAANG is an acronym of these five major technology stocks: Facebook (now Meta) (FB), Amazon (AMZN), Apple (AAPL), Netflix (NFLX), and Google (now Alphabet) (GOOGL). In the last decade, FAANG stocks gained massive momentum on the back of strong growth, lower interest rates, and a spectacular bull run that accompanied equity markets.
Even the COVID-19 pandemic acted as a tailwind for FAANG stocks as demand for their suite of products and services experienced an uptick in the last two years.
