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FAANG acronymInsider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey
•Technology
Technology
79% Informative
The group of stocks formerly known as FAANG were synonymous with technological prowess, market dominance, and high growth.
Insider Monkey recently published a list of 12 Best FAANG+ Stocks to Invest in Right Now.
These 12 stocks now have a combined market cap of over $20.0 trillion , with around $14 trillion added in the past 5 years .
If they formed a country, they would rival China as the second or third largest country by nominal GDP.
Broadcom Inc. (NASDAQ: AVGO ) reported strong earnings in December 2024 .
Full-year 2024 revenue grew 44% year-over-year ( YoY ) to $51.6 billion .
Infrastructure Software’ segment revenue grew to $21.5 billion , driven by the integration of VMware .
Semiconductor' segment revenue rose 7% YoY to $30.1 billion , fueled by AI revenue, which surged 220% .
Overall, AVGO ranks 8th on our list of best FAANG+ stocks to invest in right now.
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