Even governments consider the development of 5G networks to be extremely important. While the ongoing chip shortage has weighed down some 5G companies, there’s no question that many companies stand to benefit from the transition to 5G. We can get an idea of this performance through the First Trust Indxx NextG ETF (NXTG). Since March 23rd of 2020, the ETF has gained 104%.
But you could get even better performance if you focus on the top stocks that stand benefit from 5G. That’s why investors should consider Qualcomm Inc. (QCOM), AT&T Inc. (T), and Ericsson ADR (ERIC), which are rated highly in our POWR Ratings system.