Markets Insider: The 'FAAMG' trade is dead but Apple's appeal stays alive with retail buyers and a $90 billion buyback arsenal, research firm says

"What seems clear is that FAAMG is not a thing anymore, at least not from a retail perspective. The group received very large flows at the start of the pandemic but there has been a changing of the guards since then," wrote Vanda analyst Giacomo Pierantoni and senior strategist Ben Onatibia.