The detoothing of FAANG. Is it AM now? | Forexlive

The Wall Street Journal cite research from Strategas Securities data going back to 1990:

The FAANG era is apparently over.

• The U.S. market is dominated by just two stocks now.

  The combined weighting of Apple and Microsoft in the S&P 500 has risen to 13.3%, the highest level on record, while the influence of other big technology stocks has waned

Here is the Journal piece, gated if you can access it for more.

The all-in jump into AI by MSFT has triggered huge interest in the stock.