5G Technology: One of the Hottest Trends to Own Now

01:07 04/06/2019

The 5G boom is upon us.

Over the next 16 years, it could create a sizable $12 trillion opportunity.

The U.S. committed up to $400 million to 5G over the last three years.

China will invest up to $400 billion on 5G by 2025 with 430 million users. South Korea invested $1.5 billion in the technology. Germany is in for $100 billion.

President Trump loves the technology so much, he tweeted:

“I want 5G, and even 6G, technology in the United States as soon as possible. It is far more powerful, faster, and smarter than the current standard. American companies just step up their efforts, or get left behind. There is no reason that we should be lagging behind on something that is so obviously the future,” he noted.

“I want the United States to win through competition, not by blocking out currently more advanced technologies. We must always be the leader in everything we do, especially when it comes to the very exciting world of technology!”

The President simply wants the U.S. to crush other countries, most notably China, when it comes to commercializing 5G services. That alone is bullish for 5G stocks.

Just What is 5G Technology?

5G can process up to 10,000 megabits per second.

Such speeds will help usher in the Internet of Things (IoT), interactive television, social gaming, virtual reality (VR), augmented reality (AR), robotics, automated vehicles, healthcare imaging and diagnostics just to name a few.

By 2035, about $12.3 trillion worth of goods and services will be enabled by 5G networks, and the rollout will add approximately $3 trillion to the worldwide GDP.

In short, this is an opportunity we should not ignore.

Some of the top 5G opportunities to take a further look at include:

  • Dycom Industries DY 
  • Boingo Wireless WIFI 
  • Ceragon Networks CRNT 
  • Qualcomm QCOM 
  • American Tower Corporation AMT 

This article has been provided by a Chasing Markets contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of Chasing Markets.
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