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Investors Call Time on FAANG Stock Dominance After Nasdaq’s Rout

  • Investors scale back bets on megacap stocks as growth softens
  • Profitability is key priority for investors as economy slows
Logos Of FAANG Tech Companies
Photographer: Jason Alden/Bloomberg

For some investors, this year’s rout in high-flying technology stocks is more than a bear market: It’s the end of an era for a handful of giant companies such as Facebook parent Meta Platforms Inc. and Inc.

Those companies — known along with Apple Inc., Netflix Inc. and Google parent Alphabet Inc. as the FAANGs — led the move to a digital world and helped power a 13-year bull run.