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.

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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