2 Top 5G Stocks I'd Buy Right Now
The demand for 5G (fifth-generation) smartphones is set to explode in 2021. Market research firm IDC says that 5G smartphones could account for 40% of global smartphone volumes of 1.35 billion units this year, indicating that shipments could hit 540 million units in 2021.
That would be a huge jump over last year's 5G smartphone shipments of 213 million units. IDC also estimates that 5G smartphone shipments could exceed 1 billion units by 2025. All of this means that savvy investors can set themselves up for long-term upside by buying the right 5G stocks.
Qorvo (NASDAQ: QRVO) and Marvell Technology Group (NASDAQ: MRVL) are two 5G stocks that I'd consider buying right away, as they are benefiting big-time from the transition to the next-generation wireless technology. Both stocks have rallied impressively over the past month, and investors shouldn't delay further as they can soar higher as the 5G catalyst gets stronger.
Source Fool.com
