Today on Ausbiz with Juliette Saly, we explored why global stock markets are hitting new highs despite ongoing geopolitical tensions. You’d be forgiven for expecting markets to react negatively given the conflict in the Middle East, rising bond yields, Trump tariffs, and recent interest rate cuts.

Yet, the stock market remains resilient – driven in part by a new cluster of technology giants that analysts are calling MANGO (Meta, Apple, Nvidia, Google, and OpenAI). Unlike previously popularised terms like FAANG (Facebook, Apple, Amazon, Netflix, and Google) which encapsulated technology companies that focused on selling products – this new group is leading a shift toward foundational technologies (think Artificial Intelligence (AI), cloud computing, and semiconductors). One example I touched on is Nvidia who, because of consistent innovation in foundational technology (think, building blocks for hardware/software), have seen their stock up over 200 per cent in the past two years.

The key takeaway? In times of global uncertainty, investors may find more resilience in high-quality, transformative businesses. But as always, thorough due diligence remains essential.

Disclaimer: 

The Polen Capital Global Growth Fund owns shares in Amazon, Alphabet, and Microsoft. This article was prepared 24 June 2025 with the information we have today, and our view may change. It does not constitute formal advice or professional investment advice. If you wish to trade any of these companies you should seek financial advice.