In the 1950s, the Italian industrialist Enrico Mattei was credited with coining what might have been the first stock market catchphrase when he described the energy giants of that era, including Standard Oil and Texaco, as the \u201cSeven Sisters.\u201d<\/p>\n
For better or worse, he unleashed stockbrokers and creatively frustrated Wall Street analysts to devise their own nicknames for companies in vogue. There were the \u201cNifty Fifty,\u201d steady large-cap stocks of the 1960s and \u201970s, like Kodak; the \u201cFour Horsemen\u201d (Cisco, Dell, Intel and Microsoft) of the first dot-com boom; \u201cFAANG\u201d stocks of the social media age, including Facebook, Amazon and Apple; and more recently the \u201cMagnificent Seven\u201d \u2014 Nvidia, Apple, Microsoft, Alphabet, Amazon, Meta and Tesla \u2014 companies that grew to dominate major market indexes in the years after Covid.<\/p>\n
Now, a fruit is dangling into the lexicon.<\/p>\n
\u201cMANGOS\u201d is shorthand for a six-company cluster said to be at the center of the artificial intelligence wave: Meta, Anthropic, Nvidia, Google, OpenAI and SpaceX. Investors hope this new cohort will grow exponentially and drive the stock market higher.<\/p>\n
How it\u2019s pronounced<\/p>\n
\/ma\u014b-g\u014dz\/<\/p>\n
The group is on everyone\u2019s lips, cited all<\/a> over<\/a> business<\/a> news<\/a> and on social media<\/a>. That\u2019s partly because SpaceX made history last month with the largest initial public offering, defying skeptics to trade above $2 trillion. Much of that valuation was thanks to enthusiasm from relatively small \u201cretail\u201d investors who put their faith in the company\u2019s chief executive, Elon Musk.<\/p>\n Over the past month, more than a dozen mutual funds have been formed to bet on or against the MANGOS. Never mind that two of the six companies, Anthropic and OpenAI, aren\u2019t even publicly traded yet. (The funds will use options and other instruments to roughly track the performance of those private companies.)<\/p>\n It\u2019s a bit unclear who first came up with the term. A Bank of America research analyst, Vivek Arya, has used it occasionally over the past two years, but to describe a different set of chip stocks, he confirmed through a representative. (Only the N for Nvidia is the same.)<\/p>\n The current iteration of the acronym was popularized more recently by a software engineer\u2019s June 8 post on X<\/a>. It was shared widely by venture capitalists and tech investors, and talked up incessantly on business television.<\/p>\n But are these stocks already proving to have a short shelf life? Since that post, the A.I. hype machine has hit the skids. Amid worries of overinvestment in data centers, mounting debt and expensive computer processing, as well as general concern that competition will drive down the price of A.I. products, shares of Meta, Nvidia and Alphabet (Google\u2019s parent) were all down last month. SpaceX has fallen drastically from its highs, and OpenAI is leaning toward<\/a> postponing its I.P.O. until next year.<\/p>\n For the MANGOS to stay firm, the companies will need to demonstrate staying power. And there\u2019s no guarantee that any of them, let alone all, will stick around and thrive, no matter what happens with artificial intelligence.<\/p>\n \u201cThe data is clear,\u201d said Derek Horstmeyer, a professor of finance at George Mason University. \u201cOnce something is a coined term, it\u2019s already run its course.\u201d<\/p>\n Just look at Mr. Mattei\u2019s phrase. Though the oil market is bigger than ever, only one of his \u201cSeven Sisters,\u201d Royal Dutch Shell, still operates as an independent company with part of its original name.<\/p>\n","protected":false},"excerpt":{"rendered":"In the 1950s, the Italian industrialist Enrico Mattei was credited with coining what might have been the first…\n","protected":false},"author":2,"featured_media":570389,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[261],"tags":[291,202486,289,290,18,13342,19,17,5763,9449,90569,19881,10848,82],"class_list":["post-570388","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-anthropic-ai-llc","tag-artificial-intelligence","tag-artificialintelligence","tag-eire","tag-google-inc","tag-ie","tag-ireland","tag-meta-platforms-inc","tag-nvidia-corporation","tag-openai-labs","tag-space-exploration-technologies-corp","tag-stocks-and-bonds","tag-technology"],"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/570388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=570388"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/570388\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/570389"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=570388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=570388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=570388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}