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Move Over, Amazon. Smaller Tech Stocks Surge

Data as of Dec. 11; Source: Yahoo Finance

The run-up of so-called FAANG stocks—Facebook, Apple, Amazon, Netflix and Alphabet—has grabbed headlines this year. But at least 10 high-profile consumer tech companies, including Paypal, Grubhub and Match Group, have outperformed the five tech superpowers.

Some of the biggest consumer gainers are Square, which has rebounded from its lackluster 2015 IPO and is up 177% this year, and Wayfair, up 112% as of Monday’s close. Near the lower end is Etsy, whose stock has climbed 68% this year, more than rival Amazon, which has risen 55% and is the highest-performing FAANG stock.

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Although initial public offerings have been muted in the last few years as tech companies struggle to match private valuations on the public markets, several companies have bucked the trend. Companies that have outperformed FAANG stocks since going public include Shopify, Square, Roku and Trade Desk.

Delano Samuels and Aaron Wall commented on this article.
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