The market value of the chip maker is three times greater than that of the streaming pioneer , And analysts estimate that in time it will have much more in common with companies like Google, Apple and Amazon, than it will have for Netflix
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Is the chip maker Anvidia will take the place of the streaming pioneer Netflix as the letter N of FAANG companies? FAANG is the acronym for the five giant technology companies that have become particularly endearing to investors in recent years – which include, in addition to Netflix, Facebook, Amazon, Apple and Alphabet, Google’s parent company. But analysts at financial advisory firm Fundstrat say the time has come to consider replacing Netflix with Anvidia, given the chipmaker’s rise this year in market value – which is now almost three times greater than Netflix’s value. Moreover, according to FundStart analysts, over time Anvidia will have much more in common with companies like Google, Apple and Amazon, …
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