When we think about Big Tech, five companies come immediately to mind: Alphabet (more commonly known as Google), Amazon, Apple, Meta (Facebook in its pre-virtual reality days) and Microsoft.

Investors sometimes talk about FAANG, an ugly acronym that is almost identical to that group but substitutes Netflix for Microsoft. (The rebranding of some of those companies prompted Jim Cramer, the person who coined FAANG, to start talking about MAMAA.) Alibaba, Baidu, Samsung and Tencent make the cut as well.

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