In early 2019, 5G was launched in some parts of the United States and expanded to other parts of the world in 2020. 5G is also known as the fifth generation of wireless networking technology. It will offer quick responses and services. 5G will also increase download speeds by 100% faster than 4G.
Investors and potential investors are worried about the development and value of 5G stocks. 5G is yet to have a global presence, and this Technology might struggle to have worldwide acceptance. However, some 5G stocks are worth buying for the long term.
T-Mobile (NASDAQ: TMUS)
T-Mobile US, Inc. is a company based in the United States that provides services related to wireless networks. In addition, it offers wireless devices such as smartphones, wearables, tablets, and other mobile communication devices. The providers of wireless devices are currently engaged in a competitive race to secure a larger share of the market for products based on 5G technology. T-Mobile is one of the best stocks to own in the 5G sector moving forward into 2023.
T-Mobile is a primary network service provider in the United States and is the nation's second-largest wireless carrier, making it the nation's second-largest wireless provider overall. T-Mobile added over 850,000 postpaid phone subscribers during the company's most recent quarter, which was significantly higher than the analysts' expectations of 739,000 subscribers for the quarter.
Over thirty percent of T-mobile (NASDAQ: TMUS) stock's value was added in 2022. According to traditional price-earnings metrics, the share price is not particularly low. Nevertheless, even though T-Mobile is trading close to the upper end of its 52-week range, analysts have assigned the stock a consensus price target that indicates an upside of 15% for the stock is reasonable. The firm currently has a rating score of 3.00, which was determined based on the accumulation of 9 buy ratings, 2 hold ratings, and 0 sell ratings.
Qualcomm (NASDAQ: QCOM)
Qualcomm is known for its production of software and its provision of services in the field of telecommunications via 3G, 4G, and now 5G networks. Since the early 2000s, Qualcomm has been able to reap the benefits of the development of smartphone technology thanks to its concentration on the technology that underpins 2G, 3G, and 4G mobile networks. The upgrade to 5G devices will lift Qualcomm's sales to a higher level.
The introduction of the 5G iPhone by Apple in 2022 is anticipated to increase the value of Qualcomm. The relationship between Apple and Qualcomm has remained positive. Qualcomm will supply the vast majority of the components that will go into the production of Apple's 5G iPhones in 2022 and 2023. It is also anticipated that Qualcomm will collaborate with other leading companies, as those businesses will be the ones manufacturing the conductors and chips that will be essential for the 5G technology.
Following the release of QCOM's earnings in November, the stock experienced a significant decline. However, the share price has recovered from those losses and now offers excellent and attractive valuation metrics. According to the results of a survey given to 31 of the most prominent investment analysts, Qualcomm stock should be purchased while also being maintained on Hold. Also, Qualcomm is one of the 5G stocks that has been paying dividends to its shareholders regularly for the past few years.
So which of these two great 5G stocks are you looking out for?
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