Forget Nokia, Qualcomm Is a Better 5G Stock
At first glance, Nokia (NYSE: NOK) might seem like an attractive 5G investment. Its $4 share price is over 93% below its all-time high, and the company could engineer a comeback as a telecom equipment provider. However, such thinking could lead investors to miss the opportunity in Qualcomm (NASDAQ: QCOM). Qualcomm stock has gained significant traction over the last year, and both market and financial factors indicate its 5G growth may have only just begun.
Qualcomm owns the most extensive portfolio of wireless patents worldwide. Unlike Nokia, which must compete with the likes of Ericsson and Juniper Networks, these patents place Qualcomm in a dominant market position. Thanks to its influence in the chipset market, smartphone users cannot gain access to 5G without somehow going through Qualcomm.
Source Fool.com