BofA Coins New FANG Equivalent For Semiconductor Stocks, 'MANGO'

BofA analyst Vivek Arya's recent discussions with investors about the U.S. Semiconductors sector have "overwhelmingly" been focused more on cycle worries such as peaking demand and rising Capex than company fundamentals.
Arya coined a FANG equivalent, "MANGO," or Marvell Technology Inc MRVL, Broadcom Inc AVGO, Advanced Micro Devices Inc AMD, Analog Devices Inc ADI, NVIDIA Corp NVDA, GLOBALFOUNDRIES Inc GFS and ON Semiconductor Corp ON.
He believes that these semi stocks are "levered to the right end-markets with solid demand visibility and consistent execution."
CNBC's "Mad Money" host Jim Cramer coined FANG Stocks in 2013, which implied Meta Platforms Inc FB (formerly Facebook), Amazon.com Inc AMZN, Netflix Inc NFLX, and Alphabet Inc GOOG GOOGL. FANG became FAANG in 2017 by adding Apple Inc AAPL.
Price Action: MRVL shares traded lower by 0.27% at $73.56 on the last check Friday.

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