Alphabet Soup, Revisited: 'FAANG,' Not 'FAANGSTN'

The "FANG" acronym was coined by CNBC's Jim Cramer to group together four of the hottest tech names: Facebook Inc FB, Amazon.com, Inc. AMZN, Netflix, Inc. NFLX and Google ((parent company, NASDAQ:GOOG) GOOGL).

For years, Apple Inc. AAPL wasn't included in the list — but it is now with the creation of the "FAANG" acronym.

Speaking as a guest on CNBC's "Squawk on the Street" Tuesday, Gene Munster was posed an interesting question: How can companies like Snap Inc SNAP, NVIDIA Corporation NVDA or even Tesla Inc TSLA achieve stardom like the FAANG group has?

FAANGSTN

For the time being at least, the group of hottest tech stocks will remain just Facebook, Amazon, Apple, Netflix and Google/Alphabet and won't be expanded to include Snap, Tesla and/or Nvidia.

Munster explained that Snap is a victim of Facebook's might and Snapchat's platform is showing signs of weakness based on its disappointing daily active user growth in the most recent quarter.

While Tesla is certainly a disruptor it may fall short of "FAANG"-worthy status but will nevertheless be an outperform over the next 10 years.

As for the final "N," Nvidia is well-positioned to be a pioneer in artificial intelligence and next-age technologies. Even though the stock has already performed "tremendously well," it will still prove to be a "big winner" over the many years ahead.

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