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Which are the Best 5G Stocks to Buy in 2020?
What’s more exciting today than AI stock prediction? It has to be 5G telecommunications technology and you’ll discover which may be the best 5G stocks to buy.
It’s a new technology that will revolutionize communications. Due to its characteristics, it is driving innovation, new product development and services. It’s just starting and you can jump on what is the biggest thing since the Internet.
Is 5G just mobile phone companies? No, carriers offer their cell systems and build new ones to carry your phone signal. There are going billions of dollars spent in infrastructure, hardware, networks, software. The range of product and service companies involved could be massive.
Right now the mobile telecommunications sector has taken a hit, but when it comes back, 5G may be part of the common vocabulary. The 2021 market forecast for 5G is similar to the Dow Jones forecast, S&P forecast or the NASDAQ forecast.
5G is a big step up from the current 4G/LTE technology. 2021 will likely see 5G come into greater use. Remember that this is a major technology revolution which comes in slower and permanently pervades the tech sector from now on, until 10G arrives.
5G Profit Projections are Significant
5G is multi-billion dollar industry is forecast to be extremely profitable. Consumers and companies who use it will be paying more for the infrastructure, products and services. Consumers and businesses will demand it and pay well for 5G service.
Huawei of China has been a leader in the 5G telecommunications sector. However President Trump has blocked Huawei 5G products and technology from operating in the US.
US Companies Taking a Leader Position
This means US companies will have an opportunity to establish themselves to serve the 5G telecommunications in the US and other countries which have trade agreements with the US. The whole 5G market is still up for grabs by many of the companies listed below and many more which haven’t showed up yet.
Superfast Bandwidth is Just the Beginning
Publicly traded 5G stocks might be the darling child of the stock markets in the coming years, ahead of Google stock, Amazon stock and Facebook stock. This is because fast wireless speed generates a lot of advantages for the smartphone and its users. The crazy high bandwidth and low latency will allow consumers to play multiplayer gaming or download/upload at major sports stadiums because of incredibly fast speeds.
5G will be used in private networks with applications in industrial IoT, enterprise networking, and critical communications. And at least 8 companies are lined up to be carriers of the new 5G service: Altiostar, Cisco Systems, Datang Telecom/Fiberhome, Ericsson, Nokia, Qualcomm, Samsung, and ZTE and several more in Canada.
24 of the Best 5G Stocks to Buy
Below we have a list of 24 stocks of what may be some of the best 5G stocks to buy including; Apple, Qualcomm, Skyworks Solutions, Qorvo, Intel, AMD, ADI, Eriksson, Nokia, American Tower, Corning, Acacia, Keysight, Viavi, Cisco, Marvell, Ciena, T Mobile, Verizon, Samsung, Applied Materials, Crown Castle, Xilinx, and Inphi. Each comes with a description of what they do.
To understand how each company is creating and delivering 5G products and services, you’ll have to click through to their website.
This new 5G technology will evolve and change, so it’s difficult to know which companies will claim a key advantage and capture bigger market share. These companies might produce hardware, network services, processor chips, software and other services. Some are large firms such as Apple, while others are smaller specialist firms focussed more on 5G.
Best 5G Stocks to Buy Right Now
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* the above post includes opinions of the author and do not connote recommendations of any kind regarding stocks to invest in. The material is provided as general information only. For all your stock investment decisions please refer to your financial investment advisor.