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Nvidia isn't as software-focused as the others. Adobe is popularly known to be a software shitshow internally, whether that's true or not although by the stability and age of their products I'm inclined to believe they are.

Maybe I'm misguided, but what I believe made FAANG a thing is a strong software-focused culture that maintained a level of quality and innovation that usually gets lost at that scale, as was the case with Microsoft and things like IBM.

Adobe's stock did grow 200% during the Pandemic.

Everyone's stock did that during the pandemic.

Any other relatively well established tech company that's not in MANAMA ?

I don't know about Netflix, but I definitely agree Nvidia should be in, coming at 800B market cap.

Adobe ? Why not Borland ?

Is Borland an SaaS behemoth?