These 5G Stocks Can Crush the Market in 2022, and They're Cheap Right Now
The fifth-generation (5G) wireless market has been a happy hunting ground for investors in 2021, as evident from the 18%-plus gains scored by the Defiance Next Gen Connectivity ETF that invests in stocks of companies involved in the rollout of 5G infrastructure and services.
The New Year could turn out to be another solid one for 5G stocks as spending on 5G wireless infrastructure is expected to rise in 2022, while the number of 5G-enabled smartphones is also expected to jump higher. According to Gartner, 5G wireless network infrastructure spending could increase to $23.2 billion next year from 2021's estimate of $19.1 billion. Meanwhile, 660 million 5G smartphones are expected to be sold in 2022, according to TrendForce, up from 500 million units this year.
Investors can take advantage of the growth in 5G infrastructure and smartphones with the help of Skyworks Solutions (NASDAQ: SWKS) and Keysight Technologies (NYSE: KEYS), two companies that could clock impressive growth in 2022 and beyond. Let's see why.
Source Fool.com
