Best 5G Stocks To Buy In 2021? 4 For Your Watchlist

Check Out These Top 5G Stocks In The Stock Market Today

Any tech investor worth their salt would be aware of the potential that 5G brings to the future of connectivity. The tremendous growth opportunity in this space is hard to ignore. 5G stocks may be a relatively new theme to the stock market, but its potential is what draws many investors to the space. Of course, with all the hype surrounding the 5G technology, you might think any stock related to 5G would have a high price tag. Fortunately for investors, today, some of the best 5G stocks to buy today are still trading at reasonable valuations. 

It’s no secret that major telecom, software, and hardware companies are racing to profit from the upgrades to 5G networks across the globe. Considering the connectivity revolution is just getting started, investors can jump in early to take advantage of the investment opportunity. According to a report by McKinsey, the consulting firm, 25% of the world’s population will be able to use 5G by 2030. 

For investors looking to bet on some of the best 5G stocks in the stock market today, it’s worth remembering that you might not see breakouts right out of the gate. If the major transition of the connectivity revolution is going to take time, it’s safe to say that your investment in 5G stocks would behave in a similar fashion. But that’s not a cause for concern if you are in it for the long term. With careful selection and a healthy dose of patience, do you have a list of top 5G stocks to buy in the stock market right now?

Top 5G Stocks To Watch Right Now


Finnish multinational telecom company Nokia is currently making waves on the stock market. Nokia was not only an instrumental developer of the 5G wireless networking standards. But it is also one of the leading names in the 5G hardware market. 5G products are able to fetch premium prices, generating stronger profit margins as the revenue stream from the segment grows. In fact, it is worth pointing out that NOK stock has risen by over 50% this year. Just to be sure, the rally was not only fueled by the r/WallStreetBets chatterati. Investors have also been impressed with the company’s revised upward guidance in 2021.

The news comes while Nokia is riding a healthy upgrade cycle as 5G networks expand. Given the growing demand for 5G services in Europe, I’d say that Nokia is making a great play here. And that’s not all. The company has recently signed a patent licensing agreement with Daimler (OTCMKTS: DMLRY). Given all of this, will you be adding NOK stock to your watchlist?

5G stocks (NOK stock)
Source: TD Ameritrade TOS

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Qualcomm is one of the world’s largest wireless technology companies. It has essentially been the driving force behind the development and expansion of 5G. Besides that, its technology and products are also used in the automotive, computing, IoT, and networking industries. Qualcomm may still face stiff competition in this burgeoning industry, but its Snapdragon system on chips should continue to power most premium Android devices. What’s more, analysts expect the company’s revenue and earnings to rise 49% and 85% respectively, this year.

From its most recent quarter, the company reported an impressive earnings report. Its revenue came in at $7.93 billion, an increase of 52% year-over-year. Furthermore, its net income skyrocketed to $1.76 billion, a 276% increase compared to a year ago. It is also noteworthy that the company acquired the world-class CPU and technology design company, NUVIA for $1.4 billion in the same quarter. Given the exciting development surrounding the company, would you consider buying QCOM stock?

top 5g stocks (QCOM stock)
Source: TD Ameritrade TOS

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Micron Technology

Micron designs, manufactures and sells memory and storage products worldwide. It offers memory and storage technologies, including DRAM, NAND, NOR, and 3D XPoint memory. The 5G era has boosted Micron’s mobile business unit, as smartphones based on 5G technology are equipped with more memory. As a result, Micron is seeing stronger shipment volumes and higher revenue per smartphone as consumers upgrade their phones.

From its third-quarter fiscal 2021 earnings report, revenue came in 36.4% higher year-over-year to $7.42 billion. Meanwhile, its operating income was $1.8 billion, representing a 50.6% increase year-over-year. It is worth noting that this is the largest sequential earnings improvement in the history of the company. So, it appears that the company is firing on all cylinders in a thriving industry with increasing demand. Therefore, one could say that the company is in the best position to capitalize on the long-term demand trends across the 5G, data center, intelligent edge, and user devices. As MU stock has been trading sideways in recent months, would it be a good time to invest? 

best 5g stocks (MU stock)
Source: TD Ameritrade TOS

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Apple is no doubt one of the biggest 5G plays you can find in the stock market. From Apple’s latest quarterly report, the company made it clear that the smartphone giant has entered the 5G smartphone era. For those uninitiated, Apple sold nearly $48 billion worth of iPhones during the three months, with iPhone revenue jumping 65% year over year in the second fiscal quarter of 2021. Thanks to its huge installed base of users, Apple is building upon that success in 2021. 

Prior to the launch of the iPhone 12 series models, Samsung was the leader of the pack in the 5G smartphone shipments. However, since the introduction of iPhone 12, it has taken Apple less than six months to climb to the top of the 5G smartphone rankings. It’s also worth noting that Apple’s explosive growth in India, coupled with the roll-out of 5G networks, put it in a solid position to grab more market shares. Considering the pace of iPhone sales in India, investors shouldn’t be surprised if the company delivers yet another strong gain for the company in the upcoming quarter. With that in mind, would you buy AAPL stock ahead of its earnings release on July 27?

5g stocks (AAPL Stock)
Source: TD Ameritrade TOS

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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