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These 5G Stocks Could Set the Market on Fire in 2021

TheMotleyFool

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These 5G Stocks Could Set the Market on Fire in 2021

Micron Technology (NASDAQ: MU) and Synaptics (NASDAQ: SYNA) did well in 2020, as shares of both companies rose nicely despite a big correction in March due to the novel coronavirus pandemic. However, their gains fade in comparison to the broader market's rise.

As the chart below shows, Micron and Synaptics underperformed the tech-heavy NASDAQ-100 Technology Sector index in 2020. But it will not be surprising to see the two companies step up their game in 2021 and beat the market handsomely, as they are likely to win big from several catalysts, one of which should be a sharp spike in sales of 5G smartphones. Here's more about why these 5G stocks will outperform in 2021.