5G has been a crucial subject of discussion over the past few years, especially in the US and China. The technology would power a lot of things, and telecom companies are in the early stages of building their 5G wireless networks. However, with companies making massive strides, it is tough to determine which 5G stocks to trade.

5G wireless technology promises to offer users faster internet speed and lower latency. Tech giants such as Apple, Verizon, AT&T, Qualcomm, and more are already working on bringing the technology to as many people as possible. Their efforts haven’t gone unnoticed by investors who keep a close eye on the stocks.

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Best 5G Stocks to Buy Now

With several companies making strides in the 5G arena, here are the top 5G stocks you can buy today.

Qualcomm (QCOM)

Qualcomm is one of the leading semiconductor and telecommunications company in the US. The company is a big player in the 5G sector and is looking to make massive strides by next year. Qualcomm’s stock price is up by 43% year-to-date and could move higher over the coming weeks.

5g stocks qualcomm
Qualcomm chips are important components in smartphones. The company also licenses its patents to other companies.

On Wednesday, Qualcomm revealed that all high-end Android phones using its chips would support 5G by 2020. The company says its Snapdragon 865 chip will only be shipped in new 5G devices by next year. The chips would be bundled with the 5G modem, the X55, which Qualcomm also sells.

Similarly, the snapdragon 765 chip will come with a 5G modem inserted into it. Qualcomm predicts that 200 million phones with 5G will ship to retailers by next year. This news led to Qualcomm’s share price to spike yesterday. However, it could be set for further movement over the coming weeks as investors anticipate Qualcomm’s latest move.

T-Mobile Us Inc. (TMUS)

The battle for 5G dominance between the major US telecom companies continues to hit up. T-Mobile recently made activated its 5G network as it looks to cover up to 200 million Americans in thousands of cities across the country.

The company’s 5G network is the most expansive and inclusive, ahead of that of both Verizon and AT&T. T-Mobile, which activated the network on Monday, said it would cover 60% of the country’s population across over 5,000 towns.

At the moment, T-Mobile only offers two 5G-capable smartphones. However, this number could grow as we head into 2020. T-Mobile boasts that its 5G network covers more rural areas than those of its competitors.

The shares of the Washington-based company is up by less than 1% since the news broke. However, it could go higher over the coming days and weeks.

Verizon (VZ)

Verizon is another telecom company making strides in the 5G space. The company’s stock has performed moderately year-to-date. However, it could be a valuable 5G stock to trade mobbing forward.

On Wednesday, Verizon partnered with Amazon to offer 5G edge cloud computing via the Amazon Web Service Wavelength. The move would see Amazon place data centers running AWS’ software close to Verizon’s 5G points of presence. Thus, enabling applications with 5G within an area to send data to the remote edge data centers for swift processing.

The partnership will see Verizon’s 5G network cover more devices. For AWS users, it would lead to low latency and makes it easier for them to access the cloud.

Apple (AAPL)

The world’s first trillion-dollar company is also making strides in the 5G arena. Apple is another 5G stock you could. Its share price is up by 66% since the start of 2019 but could surge higher over the coming weeks and months.

A forecast report from JPMorgan earlier this week reveals that Apple could launch four 5G-capable iPhones in 2020. According to the analysts, the phone would likely roll out in the second half of next year.

Apple CEO Tim Cook speaks during a presentation at Apple headquarters in Cupertino, California October 16, 2014. (REUTERS/Robert Galbraith)

Although nothing is certain yet, Apple’s participation in the 5G space could see its stock price surge further following an astonishing year.

More 5G Stocks to Trade This Week

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Hassan Maishera is a cryptocurrency expert and a Stock Dork freelance contibutor.

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