In the current stock market, FANG is an acronym referring to four high-performing tech companies consisting of Facebook, Amazon, Netflix, and Google (which is now officially Alphabet, Inc.). The acronym was devised by CNBC Mad Money host Jim Kramer. All four of these stock are known for high returns for investors. They are traded on the NASDAQ and have high rankings in the S&P 500 and NASDAQ 100. The FANG stocks regularly beat out overall returns for both indices. While FANGs are considered big cap stocks, they are also growth stocks in that the technologies they represent, including cloud storage, AI, big data, social media, and e-commerce platforms, continue to advance and develop. Some analysts have expressed concern that FANG companies are too reminiscent of the tech stocks that lead to the dotcom bubble of the late 90s. This is due to their high valuations combined with unusually low volatility. However, most analysts agree that as long as their is remaining innovation in AI and machine learning, the FANGs will continue to perform well.