"MANGOS" Emerges as Wall Street’s New Tech Stock Acronym

By its second full trading day, SpaceX had surpassed the market capitalizations of Magnificent Seven members Tesla, Meta and Amazon, prompting some Wall Street observers to search for a new acronym, Danielle Chemtob reported for Forbes Daily.

MANGOS is an acronym that gained traction this month and includes AI-focused companies Meta, Anthropic, Nvidia, Google, OpenAI and SpaceX, while excluding Apple, Microsoft, Amazon and Tesla. (Photo: NVIDIA AI X)

Enter MANGOS, an acronym that gained traction this month and includes AI-focused companies Meta, Anthropic, Nvidia, Google, OpenAI and SpaceX, while excluding Apple, Microsoft, Amazon and Tesla.

Retail investors still cannot fully invest in the group because OpenAI and Anthropic remain privately held companies.

However, both are reportedly planning public offerings this year at valuations that could exceed $1 trillion.