U.S. tech stocks known as FAANG — Facebook, Amazon, Apple, Netflix and Google/Alphabet — have seen double-digit price increases this year.
Which tech stocks beat Facebook, Amazon and Netflix this year?
Answer: Alibaba, Square and Nvidia. FAANG stocks don’t have the same bite.
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Rani Molla was a senior correspondent at Vox and has been focusing her reporting on the future of work. She has covered business and technology for more than a decade — often in charts — including at Bloomberg and the Wall Street Journal.
But some other tech stocks are making those gains look paltry.
Square’s stock price grew 232 percent since the start of this year, according to data from FactSet, making it one of the best performing major U.S. tech stock this year. Of course, Square is a much smaller company than other FAANG members, so growth is easier.
But Chinese companies Tencent and Alibaba are just as big and more than doubled this year at 121 and 101 percent growth respectively. Video game chipmaker Nvidia rose 101 percent this year while PayPal rose 93 percent. Salesforce inched above the FAANG stocks as well.
All of the tech companies listed outperformed the S&P 500.
This article originally appeared on Recode.net.
