For years, FAANG was the shorthand for the stocks running the market. It stood for Facebook, Apple, Amazon, Netflix, and Google.
Now a new nickname is catching on. The lineup says a lot about where the power is moving.
The new group is MANGOS. It means Meta, Anthropic, Nvidia, Google, OpenAI, and SpaceX.
The idea started with two developers posting on X. It quickly went viral.
Look at what got cut. Apple, Amazon, and Netflix are gone.
The names that ran the last decade of tech are out. The ones tied to AI are in.
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Here's the quick version of the lineup:
Three of them are old guard. The other three are the AI upstarts.
That split is the whole point. The list now leans toward AI, not phones or streaming.
The old winners sold ads, gadgets, and shows. The new ones sell chips, models, and rockets.
Here's the strange part. Three of the six are still private firms.
Those three are Anthropic, OpenAI, and SpaceX. None of them trade on the market yet.
That's why the timing matters. SpaceX is set to go public this week.
Anthropic and OpenAI have both started the IPO process behind it. Anthropic was last worth near $1 trillion.
Some call these among the biggest IPOs ever. The new big-tech group is forming around firms most people can't even buy yet.
FAANG isn't dead. Amazon and Netflix are still huge, and Amazon's cloud arm is still a force.
But streaming and online shopping feel less new now. The buzz has moved to AI and the firms building it.
That's where the new names come in. Nvidia makes the chips, while OpenAI and Anthropic train the models.
The new label is also a bit of a joke. FAANG sounded fierce, while MANGOS sounds sweet.
Not all of it. No single fund holds all six names.
That's because three of them don't trade yet. You can buy Meta, Nvidia, and Google today.
For the other three, you have to wait. Anthropic, OpenAI, and SpaceX are still private for now.
Some investors find that frustrating. The hottest names are the ones they can't own.
The whole list rides on one bet. If AI keeps paying off these names lead, and if it stalls the group looks shaky.
Nicknames come and go, but they tend to mark where leadership sits. If MANGOS sticks, it's because investors already picked AI as the main event.
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