GAM's Lyons: 'Game not over' for FAANG stocks ahead of 'huge' technology runway

Transition to 'Digital 4.0' is still on, manager argues

Lauren Mason
Amanda Lyons of GAM Asset Management

Amanda Lyons of GAM Asset Management

Covid has only served to accelerate the move from 'Digital 3.0' to 'Digital 4.0', according to GAM Asset Management's Amanda Lyons, who said there is still a "huge runway ahead" in terms of how much more technology the world can continue adopting after it recovers from the pandemic.

Lyons, an investment manager on the firm's Disruptive Growth and Technology team, said this does not necessarily mean shunning the mega-cap FAANG stocks and hunting among only the newest, smallest companies for the 'Amazons of tomorrow'.  r/WallStreetBets and the rise of the amateur traders: 1990s repeat or the new market reality? Rather, she said some of the larger tech names remain attractive, although under-researched companies will generate attractive alpha. "We are still positive on FAANGs - particularly Facebook, which has been a core holding in the portfolio and rema...

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