In 2020, U.S. telecoms rolled out their next-gen 5G networks nationwide. But to take advantage of the better service, consumers will need to upgrade to devices that can connect to 5G. So a new mobile upgrade cycle is underway, one that could last for years, and 5G technology itself is still being developed and improved upon.
T-Mobile (NASDAQ: TMUS), Applied Materials (NASDAQ: AMAT), and NVIDIA (NASDAQ: NVDA) are three stocks to buy now for the long haul that should benefit from the new mobile capabilities being developed.
Thanks to its acquisition of Sprint last year, T-Mobile leapfrogged into second position in the U.S. telecom category, trailing behind only Verizon (NYSE: VZ). While Verizon remains my top pick for investors looking for income, I've warmed up to T-Mobile in the emerging 5G era.
Source Fool.com