Not all Big Tech stocks will skyrocket in 2021, says Gene Munster. It breaks down 2 FAANG companies which will continue to win and 2 which will remain behind.

• FAANG shares will diverge in 2021 as some names skyrocket and others lag, Loup Ventures founder Gene Munster told CNBC on Thursday.
• While Apple and Amazon were both up around 80% in 2020, and Netflix was up about 70%, the other two FAANG behemoths, Facebook and Google Parent Alphabet, gained only about 30%. It’s less than the whole Nasdaq, which was up 43% in 2020.
• “The ad technology business hasn’t worked in 2020,” Munster said, and that likely won’t change in 2021.
• The venture capitalist said Amazon and Apple would do well next year, adding that Apple’s stock could reach $ 200. This would propel Apple to a valuation of $ 3 trillion.
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Not all Big Tech stocks will skyrocket next year, said Gene Munster, founder of Loup Ventures.

The venture capitalist and former tech stocks analyst told CNBC on Thursday that investors should pay close attention to individual tech companies to find out what worked in 2020 and what didn’t.

While Apple and Amazon were both up around 80% and Netflix around 70%, FAANG’s other two behemoths, Facebook and Google’s parent Alphabet, gained only around 30%. . That’s less than the overall Nasdaq, which was up 43% in 2020.

“The ad technology business did not work in 2020,” Munster said, explaining the performance of Google and Facebook. “My point is simple, we think there will be another FAANG divide.”

Munster said that in 2021, the best performance would come from Apple, which he said could earn 51% to $ 200. This price gain would bring Apple’s market capitalization to over $ 3 trillion.

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Munster also said Amazon would do well, while Facebook and Netflix “will start to disappear as FAANG fractures in 2021.”

The call for a bubble in Big Tech stocks has been a major concern throughout 2020 as the tech sector has exploded. But Munster said investors shouldn’t call the entire tech industry a “bubble or no bubble.”

Instead, investors should look at individual tech companies and prepare for a FAANG divide.

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