3 Top 5G Stocks to Buy in January
Fifth-generation (5G) technology is expected to gain more traction in 2022 as more markets around the world get access to the latest wireless standard, leading to an increase in the number of 5G smartphones sold and infrastructure deployed.
Global 5G infrastructure spending is estimated to rise at a compound annual growth rate of 62% over the next five years, according to a third-party estimate. Additionally, 5G smartphone sales are expected to get a big boost once again this year, with shipments expected to hit 700 million units, up from 500 million units last year.
So the proliferation of 5G technology has great potential to make investors richer in 2022. The likes of Micron Technology (NASDAQ: MU), Ciena (NYSE: CIEN), and Cirrus Logic (NASDAQ: CRUS) are three stocks investors might want to consider buying to benefit from this lucrative market thanks to their cheap valuations and impressive growth rates.
Source Fool.com
