Is the clock ticking on big tech?
The last few years have been a rollercoaster for big tech stocks. After hitting new highs during the covid pandemic – the Nasdaq 100 2022 almost doubled from 2020-2021 – 2022 saw much of those gains erased. The biggest companies in the world announced layoffs and cost cutting as profits slowed.
In 2023, though, the good times have resumed: thanks in no small part to mass AI excitement. So will the rally continue?
Our FAANGs index features 10 equally weighted stocks from the upper echelons of the NASDAQ 100. That covers the biggest names in big tech: Apple, Microsoft, Alphabet, Amazon, Meta and more.
The index is equally weighted and is rebalanced on a quarterly basis. The aim is to capture the total return performance of the top 10 traded companies listed on the NASDAQ stock exchange. It’s a great index to trade if you have strong views on the likely direction of travel for the biggest tech stocks.
Quick facts
Top 10 NASDAQ stocks equally weighted, and revised quarterly on the third Friday of every March, June, September and December after market close.
Taking your view on the FAANGs
Balancing various considerations is the way forward when assessing whether big tech is headed upwards or downwards. Make sure you never miss out on the latest market-moving news by reading our expert analysts’ latest research.
How to trade the FAANGs index
If you think big tech has become overvalued and is headed for a widespread market correction, then you could sell or short the FAANGs index. If, on the other hand, you see the big tech boom gaining yet more strength, you may want to buy or go long in FAANGs.
Remember, as with all our other trading instruments, our FAANGs charts are easily accessible on any device, and come with technical indicators and drawing tools as standard.
Ways to trade the FAANGs index
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