'MANGOS' replaces Magnificent 7 as Big Tech's new market acronym
Raymond James has introduced a new investment acronym, "MANGOS," standing for Meta, Apple, Nvidia, Google, OpenAI, and SpaceX. Mayuranki De, VP of ETF strategy at Raymond James, discussed the term on Bloomberg's ETF IQ program. The acronym reflects shifting market focus toward AI companies and private tech giants beyond the old "Magnificent 7" grouping.
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