If you're following the adoption of 5G also known as fifth-generation wireless technology, you could be wondering if now is a good time to invest and if so, which 5G stocks should be on your radar. I highlight some of my favorites from the list of 12 covered in the article on my website. Click to read the article.
Qualcomm is a semiconductor company set to benefit from 5G because it produces smartphone parts, including chips for Apple. It also owns Qualcomm Technology Licensing, allowing it to collect royalties from wireless devices and infrastructure.
Nvidia creates chips and graphic cards, both of which will be essential for powering 5G networks and keeping them running fast. Its smart graphic processing units help stop bandwidth wastage allowing the transfer of bandwidth from one machine to another..
Nvidia and Ericsson have partnered to bring greater efficiency through building efficient radio access networks for 5G. It currently has a 27% market share in 2G, 3G, and 4G mobile networks, and now it’s hoping to delve into the world of 5G, too.
Ciena is another telecommunications equipment provider. It helps companies set up their optical fiber networks; essential equipment for 5G since they provide unlimited bandwidth. Ciena’s clients include big-name companies like Vodafone and Verizon (which features lower down on this list).
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Although Nokia might not be the popular phone manufacturer it once was, it remains a major supplier of infrastructure equipment to wireless companies. The company is worth around $24 billion — not exactly small fry.It might not be the obvious choice for a 5G stock, but don’t discount Nokia.
T-Mobile is the third biggest mobile network in the US — of course, it plans to take advantage of 5G. The network is currently ahead of competitors AT&T and Verizon Communications in terms of 5G deployment in the US, already covering over 200 million people.
As the major smartphone producer has launched its 5G iPhones (iPhone 12 and 13), Apple is set to be a significant beneficiary of the 5G boom. It’s a popular choice for investment thanks to its strong record, but remember that the best time to invest is when a stock is undervalued, and the price of Apple’s stock during 2021 was very strong.
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