Companies with a cult status
FAANG is an acronym that refers to the stocks of five of the most prominent companies in the world; Meta (formerly known as Facebook), Amazon, Apple, Netflix, and Alphabet (Google). The term was popularized by Jim Cramer, the television host of CNBC, who praised these businesses for being totally superior in their respective markets.
The FAANG companies are all well-known brands among consumers. From an investment perspective, they are recognized for their strong and enduring competitive advantages, their unmatched growth over the last two decades, and how large they have become in terms of market cap.
The growth achieved by these companies over the past two decades is among the most enduring ever measured in such a short time period in worldwide business history—both regarding revenue and earnings. This creates an understanding of these companies' cult status among investors.