Tech Bubble Isn’t Popping Because FANGMAN Stocks Just Hit New Record

Tech Bubble Isn’t Popping Because FANGMAN Stocks Just Hit New Record


Tech stocks are continuing to soar as FANGMAN hits a new record-high. Throughout July, analysts widely expected the tech market to slump, fearing inflated valuations. Several stocks, including Apple, buoyed the tech market en route to new all-time highs.

The total market capitalization of FANGMAN–Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN), Netflix (NASDAQ:NFLX), Alphabet (NASDAQ:GOOGL), Microsoft (NASDAQ:MSFT), Apple (NASDAQ:AAPL), and Nvidia (NASDAQ:NVDA)–has hit a new all-time high.

Contrary to previous predictions, the tech bubble is far from bursting.

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Holger Zschaepitz, a market analyst at Welt, said:

Tech is eating the world: Total market cap of FANGMAN just hit fresh ATH in a week when bosses of Big Tech have tried to downplay their size in congressional hearing. Combined market cap of Facebook, Apple, Google, Microsoft, Amazon, Nvidia now at $7.2tn, equal to GDP of Japan and the UK.

Tech Valuations have soared to a new all-time high. | Source: Holger Zschaepitz

In late July, fund managers and analysts

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