GAFAM is the one usually used for Big Tech, replacing Netflix with Microsoft. Netflix is not nearly as big as the rest of the group in terms of market cap, but

GAFAM is the one usually used for Big Tech, replacing Netflix with Microsoft. Netflix is not nearly as big as the rest of the group in terms of market cap, but the FAANG term was coined in 2013, in the Ballmer days, when Microsoft was far less cool. The stock hasn't seen considerable growth for over a decade and Microsoft was slowly bleeding away market share on every conceivable front. The company was far from dead, but it wasn't considered a tech leader anymore.