FAANG!
apple-is-the-new-faang
Apple is the new…..FAANG?
For a brief period on Nov 3rd, Apple‘s market cap was more than the rest of the FAANG gang put together: Meta (Facebook), Amazon, Netflix, and Alphabet (Google).
On a year-to-date basis, Apple’s stock has lost 23.9%, while Alphabet’s has declined 40.5%, Amazon’s has fallen 44.7%, Netflix’s is down 56%, and Meta’s has plunged 71.6%.
Maybe Warren Buffett does know a thing or two about investing. About 40% of Berkshire’s is Apple stock which has held on quite well despite the stock market drawdown.