The 5G boom could very create a $12.3 trillion opportunity in the next few years.
All as it disrupts major industries -- from retail to education, transportation to entertainment, the Internet of Things, etc.
In fact, there’s so much potential, analysts at Cowen have said a 5G “revolution is coming.”
Even better, the profit potential is sizable.
When 3G networks hit, it forced stocks like Qualcomm (QCOM) from $2 to $67. When 4G hit i stocks like American Tower Corporation (AMT) exploded from nearly $30 to more than $265.
Related stocks hold the very same potential thanks to a monster 5G boom that even President Trump supports. In fact, he recently noted:
“I want 5G, and even 6G, technology in the United States as soon as possible. It is far more powerful, faster, and smarter than the current standard. American companies just step up their efforts, or get left behind. There is no reason that we should be lagging behind on something that is so obviously the future.
That came just a few months after the President directed the U.S. Commerce Department to develop a comprehensive national spectrum strategy to help user in 5G wireless networks.
With the boom, some of the top stocks to consider include:
Company President, Cristiano Amon summed up the opportunity with this. “We created the fundamental wireless technology that goes into 3G, 4G, and now 5G. We also create semiconductors to power a number of devices. So, we provide wireless engines for the world, not only for the majority of smartphones, but also into connected cars and connected PCs,” as quoted by Forbes.
Inseego Corp. (INSG)
Canaccord Genuity analysts also just reiterated a buy rating on the stock with a price target of $13, thanks to demand and supply for mobile broadband, and 5G demand. “As evidenced by the company’s growing list of active 5G trials, Inseego’s growing sales team continues to build an impressive pipeline of new opportunities.”
Defiance 5G Next Gen Connectivity ETF (FIVG)
“The Defiance Next Gen Connectivity ETF is the first ETF to emphasize securities whose products and services are predominantly tied to the development of 5G networking and communication technologies. FIVG does this by tracking the BlueStar 5G Communications Index, and FIVG attempts to invest all, or substantially all, of its assets in the component securities that make up the Index,” says ETF Trends.