5 best 5G stocks to buy for Q4 2023
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From adverts by mobile phone companies to social media conspiracy theories, it is likely you have heard about 5G, though you may not have thought about investing in it before. Scroll down to see our list of the top five 5G stocks.
What are the top 5G stocks to buy in 2023?
Copy link to sectionOur team of financial analysts have conducted extensive research to find the best 5G companies right now. Here is our list:
| # | Stock symbol | Company name | Trade now |
|---|---|---|---|
| 1 | NVDA | Nvidia Corporation | Trade Nvidia Corporation 77% of retail CFD accounts lose money. |
| 2 | QCOM | Qualcomm, Inc. | Trade Qualcomm, Inc. 77% of retail CFD accounts lose money. |
| 3 | NXPI | NXP Semiconductors | |
| 4 | QRVO | Qorvo, Inc. | |
| 5 | SWKS | Skyworks Solutions, Inc. |
To find out why these companies are on our list, scroll down to find out some more details about them.
1. Nvidia Corporation (NASDAQ: NVDA)
Copy link to sectionNvidia Corp. is a multinational tech company headquartered in California. It creates revenue through the design and sale of graphics processing units (GPUs) for professionals and gamers, as well as chip units for mobile devices and automobiles. It is one of the world’s largest 5G chip makers.
It has made it onto our list because, in recent years, it has moved to the forefront of 5G tech with the Nvidia Aerial. While the company’s share price had been steadily appreciating since it was founded in 1993, tapping into the growing 5G sector has massively accelerated growth.
With a market cap in excess of $350 billion and a promising 5G future, we feel that Nvidia Corp. provides a strong blend of value and growth. It is a compelling investment package that could gather momentum as 5G adoption increases. If you are interested in Nvidia shares, check out our detailed guide.
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2. Qualcomm, Inc. (NASDAQ: QCOM)
Copy link to sectionAlso based in California, Qualcomm is a multinational tech company. It produces software and services for wireless technology, with a particular focus on semiconductors.
The main reason that Qualcomm has made our list is that it owns patents that are integral to various mobile communication standards, including 5G. This gives it a distinct advantage over the competition. Since its inception in 1985, its share price has grown steadily and it is now one of the top 5G companies around.
Since becoming actively involved with 5G tech in the last few years, Qualcomm’s growth has accelerated, with revenue climbing upwards of $23 billion. Looking forward, this is a company that appears to have the foundations to remain at the forefront of the 5G sector; with a market cap that has swelled over $150 billion, Qualcomm appears well-positioned for more growth.
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3. NXP Semiconductors (NASDAQ: NXPI)
Copy link to sectionNXP is another chip manufacturer, this time based in the Netherlands. Unlike many semiconductor companies, it makes all of its own chips rather than farming out production to competitors like TSMC. That extra control over its own supply chains and reduced costs has helped it become a major player in the industry that few people will have heard of.
A lot of NXP’s income comes from the automotive industry but it is also heavily involved in smartphones and the Internet of Things. All of these industries are going to be deeply embedded in 5G technology in the years to come, and NXP has already begun producing the hardware and infrastructure to support the 5G rollout.
Investors have already begun to pick up on its potential. The share price has tripled over the last couple of years, even accounting for the stock market plunge in March 2020 and the drop in auto and phone sales caused by the pandemic. As those recover, NXP could become a great alternative investment opportunity despite the big names in its field.
4. Qorvo, Inc. (NASDAQ: QRVO)
Copy link to sectionBased in North Carolina, Qorvo provides cutting-edge radio frequency solutions for a variety of applications, including mobile devices, defence radar and communications.
Having been founded in 2015, the company is a relative baby, though its share price growth actually overshadows most of its peers. In fact, it is one of the fastest-growing 5G technology stocks. This growth is what has secured Qorvo’s spot on this list, as achieving revenue in excess of $3 billion per annum after just 6 years is no easy feat.
Looking to the future, it is clear that as a company in its infancy, Qorvo has some catching up to do in relation to strategic partners. However, with a successful business model of innovative products and fewer than 10,000 employees, this is a company that could easily scale up. While there is currently no dividend, the share price growth could be dramatic.
5. Skyworks Solutions, Inc. (NASDAQ: SWKS)
Copy link to sectionFounded in 2002 and headquartered in California, Skyworks Solutions claims to lead the way in a new era of communications. It makes the technologies that allow 5G to function effectively, including high-performance analogue semiconductors.
The main reason Skyworks is on this list is because of the level of innovation it offers across numerous sectors. Far from focusing purely on mobile devices, it is also involved in the production of 5G technologies for the broader market including connected industrial equipment, video conferencing, touchless payment methods, and safety systems on automobiles.
In terms of its future outlook, Skyworks Solutions’ forward-thinking role in the technological advancement of the 5G sector could create substantial returns. In addition, if the company’s lofty ambition to ‘connect everyone and everything, all the time’ is anything to go by, its current market cap of over $30 billion could soon grow.
Where to buy the best 5G shares
Copy link to sectionThe best place to buy 5G shares is a reliable broker with low fees. These are services that allow you to create a portfolio via an easy-to-use interface, and they are now even available in app form for added convenience. We have listed the best brokers in the following table.
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Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
What is a 5G stock?
Copy link to section5G stocks are shares in companies that are involved in the development, construction, sale and/or operations of products supporting 5G networks: the fifth generation technology standard for broadband cellular networks.
Are 5G shares a good investment?
Copy link to sectionThe potential of 5G is obvious. It enables extremely fast speeds; if you are near a 5G tower with your phone, you could download a full HD episode of a TV show in seconds. Moreover, with fewer towers needed and new technologies increasing use cases all the time, 5G has room to flourish. Moreover, many major companies have committed to forging a 5G future.
However, issues remain with upload speeds, battery drain and heat, and broadcast distance/building penetration: 5G does not travel as far or penetrate as effectively as 4G. In addition, there are alleged health risks from radiation. These are significant risk factors, though if 5G can overcome them, stocks of this type offer a compelling investment package.
Remember that any investment decision is entirely up to you. You should always take your time and conduct your own research before risking any capital. Moreover, while these companies are, in our opinion, are some of the best around, there are many other options you might want to consider. Check out the latest 5G news below to get an idea of what else is on offer.
Latest 5G news
Copy link to sectionQualcomm renews its chips deal with Apple – analyst Tom Forte’s take
BT CEO reveals plans of stepping down
T-Mobile stock price forecast: Morgan Stanley sees a 35% upside
Jim Cramer is bullish on Broadcom stock ahead of its Q2 earnings
Apple just announced a multi-billion-dollar deal with Broadcom
British telecom giant BT Group to cut over 40% of its workforce
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