Facebook Amazon Apple Netflix Google stocks: FAANG stocks: Are Facebook,

FAANG stocks in US stock market are the most inflated ones, said renowned investor Marc Faber. FAANG stocks, which include shares of Facebook (Meta), Amazon, Apple, Netflix, Google-parent Alphabet among others, are considered as the most influential stocks and known for their high valuations in the Wall Street.

In an interview with ET Now, Faber, author of The Gloom, Boom & Doom Report, claimed that everything was in a ‘Bubble’. While dissecting “what is the most inflated and what is the least inflated”, Faber cited examples of FAANG stocks in the US stock market. He went on to term these stocks as the most ‘inflated’ ones.

Faber, however, said FAANG stocks have a larger market capitalisation than that of all Chinese listed stocks, including Hong Kong.

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Earlier in August, Apple and Nvidia led a sell-off in technology stocks. High-performing shares of Alphabet, Amazon, Meta Platforms, Microsoft and Tesla fell as much as 12.2 per cent in premarket trading.

The losses in the Magnificent Seven stocks were set to wipe out nearly $1 trillion from the combined market value of the companies, Reuters reported.

After driving gains on Wall Street for more than a year, big technology stocks have come under pressure in the past few weeks also on signs that the payoff from hefty AI investments would take longer than some investors had initially hoped.

Shares of Amazon, Microsoft and Alphabet – the three biggest providers of cloud-computing services – fell as their earnings reports dashed big bets of hefty AI investments translating quickly into growth.

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FAQs

Q1. What are FAANG stocks?
A1. FAANG stocks in US stock market are Facebook (Meta), Amazon, Apple, Netflix, Google-parent Alphabet.

Q2. Who is Marc Faber?
A2. Marc Faber is a renowned investor.