There’s no more 'Mag7'—now it’s FAB10, AI Big10, and MANGOS. SpaceX has successfully gone public, and Anthropic and OpenAI are following closely behind. The capital feast is reshaping the power dynamics of the tech industry. When the old 'Mag7' can no longer encompass the most cutting-edge tech companies, new terms are born. The three most talked-about new tech leader combinations in the market are: FAB 10, AI Big 10, and MANGOS. This isn’t just a game of acronyms; it represents three distinct investment logics and industry visions. 1. The well-known research firm Vanda Research proposed 'FAB 10,' short for 'Frontier AI and Big Tech Top 10.' The core of this list lies in the dual insurance of 'moats' and 'growth poles.' 2. Bank of America, on the other hand, has taken a more pragmatic approach. Back in May, they updated their list with a 'version upgrade,' introducing the 'AI Big 10': BofA has its sights firmly set on 'AI infrastructure,' with these ten companies accounting for 40% of the S&P 500 index weight. 3. As for MANGOS, it’s the one most talked about online, with the market’s attention laser-focused on 'Artificial General Intelligence (AGI)' and 'interstellar expansion.' This isn’t just a game of acronyms—it reflects a fundamental shift in the underlying logic of global tech investment. The market is bidding farewell to the past decade’s era of internet/mobile internet platform traffic dividends and truly entering a new tech industry landscape dominated by frontier AI, space infrastructure, and computational power networks (infrastructure).