Investors may soon stop focusing on the 'Magnificent Seven' group of tech stocks and start paying attention to the 'FAB 10', a new group of companies that includes AI-focused companies like SpaceX, OpenAI, and Anthropic.
The FAB 10, which stands for 'Frontier AI & Big Tech 10', includes all seven Magnificent Seven companies plus three AI-focused companies.
SpaceX's public market debut is a strong sign that investors are shifting their attention toward the next generation of AI and technology leaders.
The firm said these 10 companies could shape the future of AI and technology over the next decade.
SpaceX has quickly become one of the biggest reasons investors are talking about the FAB 10, with shares up 5% in premarket trading on Tuesday.
At a market value of $2.9 trillion, SpaceX would be nearly equal in size to Microsoft, and together with Tesla, the two companies would be worth around $4.2 trillion.
Investors are now closely watching OpenAI and Anthropic as potential future stock market stars, with both companies considered leaders in the fast-growing artificial intelligence industry.
The rise of SpaceX, OpenAI, and Anthropic marks the beginning of a new era in technology investing, with Vanda Research believing these companies together could define the next chapter of the global tech industry.
