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Published: Jul 06, 2021 6 min read

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Move over, Facebook, Apple and Amazon. It’s time for smaller tech shares to shine.

Investment bank UBS envisions big things from small and mid-sized tech company stocks. The firm expects these companies to outperform mega-tech companies in the near term, Mark Haefele, Chief Investment Officer at the firm, wrote in June.

Small and mid-sized tech firms have gained close to 10% in the past month, versus just under 5% for global mega caps, he wrote at the time. FAANG stocks — Facebook, Amazon, Apple, Netflix and Google — have had a great few years. The tech giants led the stock market recovery after the pandemic-induced crash, each up at least near 30% in 2020 while the S&P 500 gained just 16%. But with potential regulation down the pipeline and the market continuing to recover from the pandemic, experts say it’s a good time to trade some of the big names for ones you may not know.

Why FAANG stocks face risk