From FAANGs to CRAABs: high-tech investment leaps forward

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At the end of September 2008, just one of the five largest companies in the world by market capitalisation was a technology company – Microsoft. Fast forward 10 years and only one of the five largest – Berkshire Hathaway – isn’t a tech company. Microsoft has been joined by three of the FAANGs – Apple, Amazon and Alphabet (Google’s parent company).

Within 10 years the FAANGs could well have been replaced by a portfolio of CRAABs – cryptocurrency, robotics, artificial intelligence, automation and biotech companies.

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