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Up 85% in 5 Months, This 5G Stock Looks Set to Soar Higher

TheMotleyFool

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Up 85% in 5 Months, This 5G Stock Looks Set to Soar Higher

Qorvo (NASDAQ: QRVO) has staged a remarkable recovery on the stock market since the March crash, rising rapidly over the past few months, thanks to signs of a turnaround in its business amid the novel coronavirus pandemic.

Investors have been upbeat ever since Qorvo released a solid set of results in May. That enthusiasm got another shot in the arm when the company recently released terrific results for the first quarter of fiscal 2021, beating Wall Street's expectations by big margins as demand for its products remained strong on the back of its 5G initiatives.