Netflix had 220.7 million subscribers at the end of June 2022, despite losing 970,000 during the quarter. As a result, as the stock fell sharply, investors expressed their desire to replace it with Nvidia in the FAANG tech stocks.
FAANG stands for the big five US tech stocks: Facebook (Meta), Apple, — Amazon, Netflix and Google. However, there is a new giant in town and the streaming wars are just getting started.
