Google

For more than a decade, a single acronym represented the power and influence of the technology industry: FAANG. The term referred to Facebook, Apple, Amazon, Netflix, and Google, five companies that transformed how people communicate, shop, work, and consume entertainment.

These businesses became symbols of the internet age. They dominated stock markets, attracted some of the world’s best engineering talent, and built products used by billions of people every day. Investors closely followed their performance, while technology startups often measured their success against them.

Today, however, the technology industry is changing. Artificial intelligence, advanced computer chips, cloud infrastructure, and next-generation computing platforms are becoming the new focus of investors and businesses. As a result, many analysts are asking whether the FAANG era that shaped the 2010s is slowly giving way to a different phase of technology leadership.