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The Biden administration’s plans to provide access to high-speed internet at affordable prices in areas with no broadband infrastructure and to support the work-and-study-online trend should bolster the demand for 5G service providers. In addition, rising demand for machine-to-machine and IoT networks, mobile broadband services, and data breach concerns are anticipated to propel the growth of 5G infrastructure. The global 5G infrastructure market is expected to reach $80.5 billion by 2028, growing at a 49.8% CAGR.
Given this backdrop, we believe the prices of 5G stocks Crown Castle International Corp. (NYSE:CCI), Nokia Corporation (NOK), and Skyworks Solutions Inc . (SWKS) will likely gain significantly in the near term and, hence, could be solid bets now.
