These technology stocks have driven America's stock market

By: ISL Team | 1 March, 2023

The FAANG stocks, which include Facebook (META), Amazon, Apple, Netflix, and Google, are the best-performing American technology stocks.

Do you know what FAANG is? Technological firms focusing on creating and managing tech-related goods and services include Facebook, Amazon, Apple, Netflix, and Google. These enterprises engage in activities such as the production of hardware and software, the management of e-commerce platforms, the development of robotics software, the production of digital electronics, etc. Multiple large and small technological companies list their shares on US financial exchanges like the NASDAQ and New York Stock Exchange.
Technology Stocks have a major role in how the US Stock Market trades. Several tech businesses, including established ones like Apple and Microsoft and recent ones like Netflix and Alphabet Inc., are heavily exposed on the stock exchanges.

The top 100 non-financial US corporations make up the NASDAQ 100 index. The top 6 technology firms in 2020â€”Apple, Google, Meta, Microsoft, Amazon, and Teslaâ€”held more than half of the market capitalization of the NASDAQ100. One might conclude that changes in these IT giants' stock prices have a significant impact on the NASDAQ100 index movement.

It refers to the five technology companies with a market valuation of more than $7 trillion collectively. FAANG stands for Facebook (META), Apple, Amazon, Netflix, and Google.

Facebook began operating as a social media firm in 2004. Also, it purchased the well-known social media businesses WhatsApp and Instagram.
It has been renamed "Meta" to reflect its business growth in the area of the 3D version of the internet.
At $38 a share, it was listed in 2012. The share price of Meta rose to almost $350 in September 2021.
Meta now has a market value of more than $300 billion.

Jeff Bezos created it in 1994, initially operating as an online bookshop. It is currently the greatest online marketplace, hosting a variety of merchants and customers.
In 1994, Amazon's stock was floated on NASDAQ for $18 per share.
In 2021, the price of its shares rose to an all-time high of $186.
Its market value is currently around $848 billion.

It was established in 1976 as a manufacturer of computers by Steve Jobs and Steve Wozniak.
Today, it is one of the most well-known technological businesses offering tablets, smartphones, laptops, and other electronic equipment.
Apple's shares have been divided multiple times to draw in more ordinary investors since they were first floated in 1980 at $22 each.
Apple was the first firm to reach market value records of $1 trillion, $2 trillion, and even $3 trillion.

It was established in 1997 as a DVD doorstep delivery service by Reed Hastings and Marc Randolph. On their website, customers could order DVDs, which Netflix would then deliver to them by post.
With over 200 million customers and a vast library of movies and TV series, it is currently one of the top online entertainment streaming firms.
The share price of Netflix reached an all-time high of more than $600 in the year 2021, after the company went public in 2002 at a price of $15 per share.
The market value of Netflix is $123 billion at the moment.
All web users can access Google, a search engine developed to bring all web pages together on a single platform.
Two hundred thirty-two companies have been added to its portfolio throughout the years. In 2015, Google changed its name to Alphabet to unify all its operations under one brand.
The most popular search engine on earth is Google. Alphabet Inc. has partnered with other software programs like YouTube, Google Cloud, and Android.
In 2004, shares of Google were listed for $85 each. The most recent separation occurred in 2022, after three others since then.
Its market value as of right now is $1.1 trillion.

Sergey Brin and Larry Page launched it in 1998.
All web users can access Google, a search engine that was developed to bring all web pages together on a single platform.
232 companies have been added to its portfolio throughout the years, and in 2015, Google changed its name to Alphabet to unify all of its operations under one brand.
The most popular search engine on earth is Google. Under Alphabet Inc., it has partnered with other software programs like YouTube, Google Cloud, and Android.
In 2004, shares of Google were listed for $85 each. The most recent separation took place in 2022 after three others since then.
Its market value as of right now is $1.1 trillion.