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Jun 15, 2026 4:10 PM

The Magnificent 7 Just Got Too Small For The AI Boom — Meet The FAB 10

Wall Street’s favorite market shorthand may need an upgrade. A new framework called the FAB 10, Frontier AI & Big Tech 10, is gaining traction among investors, and it could be the defining investing construct of the AI era.

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The term FAB 10 comes from Vanda Research, which coined it after Friday’s market action signaled a clear shift in investor focus.

“If the last few years were dominated by the ‘Magnificent 7,’ Friday was perhaps the clearest sign yet that investors are starting to focus on what we call the FAB 10,” Vanda said, according to CNBC. 

The FAB 10

The FAB 10 takes the original Magnificent 7, Nvidia Corp. (NASDAQ:NVDA), Apple Inc. (NASDAQ:AAPL), Alphabet Inc. (NASDAQ:GOOGL), Microsoft Corp. (NASDAQ: