3 5G Stocks to Buy Now
Analysts widely expect interest in 5G technology to skyrocket when Apple releases its first 5G-capable iPhone later this fall. Thanks to 5G, data connection speeds that currently stand between 12 and 36 megabits per second (Mbps) could reach 300 Mbps. This could ultimately facilitate technologies on smartphones that are currently not available, or in some cases, not yet invented.
With so much that remains unknown, predicting the technologies, let alone the companies that will spawn 5G innovation, is difficult. However, the move to 5G has created a need for new equipment and a coming upgrade cycle. Given what we know today, Broadcom (NASDAQ: AVGO), Ciena (NYSE: CIEN), and Qualcomm (NASDAQ: QCOM) are 5G stocks well-positioned to benefit as the world transitions to this new technology. Let's take a closer look at these three 5G companies and whether their stocks are a buy right now.
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Source Fool.com
