The FAANG era is ending in U.S. stocks, and MANGOS is taking over... a reshaping of tech dominance

[The Financial News] The era of FAANG (Facebook, Amazon, Apple, Netflix, and Google), which has driven global stock markets and innovation for the past decade, appears to be drawing to a close. In its place, a new power bloc called MANGOS, led by artificial intelligence (AI) and aerospace companies, is emerging, TechCrunch reported on the 10th local time.
TechCrunch explained that the FAANG group, whose name once evoked the fangs of a snake and carried a somewhat harsh, threatening tone, is fading away. In its place, a new alliance named MANGOS, after a fruit that is sour and astringent when unripe but sweet when fully ripe, is rising.

MANGOS refers to Meta, Anthropic, NVIDIA, Google, OpenAI, and SpaceX.
The term was first coined by an X user and is now spreading rapidly, especially across Silicon Valley in the United States.
SpaceX, which is set to go public on the 12th, is already preparing to break all-time records. Anthropic, a key AI company, is also heading toward a record-setting IPO. With OpenAI, Anthropic's biggest rival, now joining the race for a massive listing that could shake up the market, the IT industry is expected to soon welcome the most powerful new players in public company history, TechCrunch said.
The outlet noted that among the original FAANG members, only Meta and Google have survived and joined the new alliance. Along with NVIDIA, which dominates hardware performance, Anthropic and OpenAI, the leaders of the generative AI revolution, and SpaceX, which opened the era of private spaceflight, have become the core pillars.
That does not mean the old giants, Amazon and Netflix, have completely fallen. Amazon's cloud computing and e-commerce businesses, as well as Netflix's streaming service, still wield strong influence.
Still, the market's judgment is unforgiving. The report said that streaming and e-commerce no longer feel like the kind of 'world-changing innovation' they once did.
TechCrunch said the sectors drawing the most excitement now, and the ones the tech industry is eager to crown as the new kings, are AI, autonomous agent technology, and space technology.


jjyoon@fnnews.com Yoon Jae-jun Reporter