Forget GameStop; This Hot 5G Stock Is a Screaming Buy Right Now
The GameStop saga has made big headlines over the past month when shares of the video game retailer surged thanks to a bit of short squeeze mania. But if you're one of those who missed out on the stock's meteoric rise in January 2021 (and fall in February 2021), there's no need to be disappointed; there are plenty of solid investment opportunities out there to take advantage of without getting exposed to the risks of chasing a short squeeze.
Skyworks Solutions (NASDAQ: SWKS), for instance, is one of the best ways investors can take advantage of the growing adoption of 5G wireless technology. The chipmaker recently delivered stellar results for the first quarter of fiscal 2021 -- in stark contrast with the struggling GameStop, which is witnessing a decline in business thanks to changing trends in video gaming. The good part is that Skyworks looks all set to build upon its recent success and deliver more upside to investors. Let's see why.
Image source: Getty Images.
Source Fool.com
