Oct 14, 2021 (StockMarket.com via COMTEX) -- Hot 5G Stocks That Could Potentially Boost Your Portfolio
Technology has been evolving at a frantic pace over the past few years. Ideas such as augmented reality, autonomous driving, and even commercial space travel are now a reality. That said, something like 5G technology is something most consumers can relate to. Hence, 5G stocks are among the most discussed topics among stock market investors this year. Recently, QUALCOMM's ( NASDAQ: QCOM ) CEO highlighted the potential of combining edge computing and 5G devices connected to the cloud to bring new capabilities to various industries. By delivering real-time data and border contextual information, we could be seeing radical changes like never before.
In addition, Dell Technologies ( NYSE: DELL ) also aims to push deeper into the 5G space by releasing new software. The company is leveraging the Open Radio Access Network (O-RAN) that lets telecommunication carriers use software to run network functions on standardized computing hardware. This means that carriers may not need to purchase certain specialized equipment for 5G. Could this be a game-changer for 5G technology in the long run? Well, only time will tell. That said, it has drawn interest even from the U.S. government. We can all agree that everyone looks forward to the day 5G becomes accessible to everyone. With that in mind, here are 4 top 5G stocks that you could capitalize on in the stock market today .
Best 5G Stocks To Buy [Or Sell] Now
Marvell Technology Inc ( NASDAQ: MRVL )
American Tower Corp ( NYSE: AMT )
Verizon Communications Inc ( NYSE: VZ )
AT&T Inc. ( NYSE: T )
First, we will be looking at Marvell Technology. The data infrastructure semiconductor provider plays an important role in rolling out 5G. The company helps telecom carriers deploy 5G networks across the world. It supplies chips to the likes of Nokia ( NYSE: NOK ) and Samsung. MRVL stock has been on a bullish run this year, rising more than 35% since the start of the year.
On Tuesday, the company announced that its Prestera Ethernet switch platforms incorporating Dent are being deployed by enterprise customers worldwide. This enables a new era of autonomous networking. With these deployments in place, the company is helping to accelerate the build-out of Ethernet switching infrastructure in emerging applications, such as autonomous retail. Therefore, retailers can transform physical stores into smart retail-connected environments.
On top of that, Marvell has also finally completed its acquisition of Innovium. The acquisition complements the company by extending Marvell's leadership in the cloud. Also, it would allow Marvell to immediately participate in the fastest-growing segment of the switch market with a cloud-optimized solution. Given these developments, would you invest in MRVL stock now?
Following that, we have American Tower on the list. Essentially, it is a holding company that operates as a real estate investment trust (REIT). The company owns, operates, and develops multitenant communications real estate. Its portfolio has more than 214,000 communication sites, including more than 43,000 properties in the U.S. and Canada.
The company has its hands in the 5G industry by providing its vast network of towers. American Tower claims to have the largest portfolio of broadcast towers in the U.S. Its shared wireless infrastructure solutions serve as the foundation for tomorrow's 5G, Internet of Things (IoT), and NEXTGEN TV technologies. The company would stand to benefit long-term as 5G technology continues to grow.