Are the MANGOS Stocks Already Turning Soft?

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 “Seven Sisters.”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 “Nifty Fifty,” steady large-cap stocks of the 1960s and ’70s, like Kodak; the “Four Horsemen” (Cisco, Dell, Intel and Microsoft) of the first dot-com boom; “FAANG” stocks of the social media age, including Facebook, Amazon and Apple; and more recently the “Magnificent Seven” — Nvidia, Apple, Microsoft, Alphabet, Amazon, Meta and Tesla — companies that grew to dominate major market indexes in the years after Covid.Now, a fruit is dangling into the lexicon.“MANGOS” 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.How it’s pronounced/maŋ-gōz/The group is on everyone’s lips, cited all over business news and on social media.That’s 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 “retail” investors who put their faith in the company’s chief executive, Elon Musk.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access.If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe....