From FAANG to a New Center of Market Gravity A decade ago, “FAANG” (Facebook, Apple, Amazon, Netflix, Google) was the shorthand for U.S. tech leadership. By early 2023, that label no longer captured reality. Microsoft had become the operating system for enterprise cloud and AI, Nvidia emerged as the compute vendor for that AI, and Netflix’s weight had waned. Here’s the rough timeline: May 25, 2023 — Hartnett reframes the narrative. In his weekly Flow Show, Bank of America’s Michae...
