This would buoy various markets and lift stocks mostly in the sectors directly affected by the connectivity boost. Once billions of users are able to break through the limited internet speeds, their demand for content, gaming, videos, apps and software will rise exponentially. 5G isn’t just about having higher internet speeds. As new companies enter the market, 5G stocks will gain traction. A report by McKinsey predicts that just 25% of the world’s population will be able to use 5G by 2030, mostly in wealthy parts of the world like the U.S., Europe and mainland China. Growth Catalysts for 5G StocksĥG stocks present a strong investment opportunity for long-term investors as the connectivity revolution is just getting started. The governments in the developed world are expanding the 5G infrastructure rapidly and doling out billions in contracts to 5G infrastructure, semiconductor and telecom companies. Powering these 5G smartphones are chips by giants like Qualcomm, Huawei, Marvell and Skyworks. Similarly, in March 2020, HMD Global announced Nokia 8.3 5G in the market. Samsung last year launched two 5G-enabled smartphones. Major telecom, software and hardware companies are already racing to profit from the migration of billions of users from 4G to 5G networks across the globe. The 5G revolution is set to bring about consequential changes in key markets including telecom, gaming, data center, software production, smartphones and apps. You can skip our detailed analysis of the 5G industry and go directly to 5 Best 5G Stocks to Buy Now. In this article we will take a look at the 10 best 5G stocks to buy now.
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