3 5G Stocks to Buy Right Now
There is a great deal of excitement surrounding 5G, and rightly so. Mobile network providers are rolling out the first iterations of the new service, and the number of smartphones offering connectivity is ramping up.
Meanwhile, it's the back-end construction of the 5G network itself -- rather than the consumer-facing service -- that holds some of the most promising investments in the new mobility movement. A massive number of hardware and software management tools will be needed to expand coverage and improve the reliability of 5G. Three stocks that play in that sandbox that I think are buys right now are Xilinx (NASDAQ: XLNX), Skyworks Solutions (NASDAQ: SWKS), and Ciena (NYSE: CIEN).
Xilinx is the leading designer of field programmable gate arrays (FPGAs), chips that can be reprogrammed post-manufacture and thus are suitable for use in a wide range of applications. As the initial buzz surrounding 5G started a few years ago, Xilinx sales (and share price) skyrocketed as the flexible semiconductors were in high demand.
Source Fool.com
