BofA Coins New FANG Equivalent For Semiconductor Stocks, ‘MANGO’


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Why Nvidia Stock Dropped on Friday

Nvidia (NASDAQ: NVDA) stock was one of the strongest performers out of a group of many strong performing semiconductor stocks Thursday — and for good reason. Of course, that still leaves the question why Nvidia stock is down 2.8% as of noon ET today. The good news today is that Bank of America just released a note describing a new investing acronym for investors: “MANGO,” which appears to be short for the semiconductor stocks Marvell Technology, Advanced Micro Devices, Nvidia, GlobalFoundries, and ON Semiconductor.

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