Daily Traders Edge

Here Are 3 5G Stocks To Buy Now Before The Boom

April 06
10:42 2021

5G stocks have been on investors’ radars for quite some time, given its potential to disrupt the global technology sector. With the increased use of cloud services by various businesses and governments, 5G’s broader  bandwidth will enable more data to be accessed or stored more quickly. “5G is expected to be a catalyst and multiplier for widespread economic growth across many industries,” asserts Kosei Takiishi, senior research director at Gartner.

Many  tech companies are building 5G ecosystems for private networks that deliver business-to-business services. Moreover, President Biden’s proposed $4 trillion Build Back Better plan is expected to boost semiconductor production along with  basic equipment and infrastructure required for 5G distribution. Consequently, the global 5G services market is expected to grow at a CAGR of 46.2% over the next seven years to achieve  revenue of $664.75 billion by 2028.

Therefore, we think it is best to invest in Texas Instruments Incorporated (TXN – Get Rating), Siemens AG (SIEGY – Get Rating), and Analog Devices, Inc. (ADI – Get Rating) now  before their share prices rise due to huge demand in their industry.

Click here to checkout our 5G Industry Report for 2021

Texas Instruments Incorporated (TXN – Get Rating)

TXN designs, manufactures and sells semiconductors to electronics designers and manufacturers worldwide . The company operates through two segments—Analog and Embedded Processing. The Analog segment offers power products to manage power requirements at  various levels. The Embedded Processing segment offers connected microcontrollers, digital signal processors (DSPs) and applications processors. TXN also provides Digital Light Processing (DLP) products for use in projectors to create HD images, calculators and application-specific integrated circuits.

TXN’s DRV3255-Q1—a highly integrated Grade 0 brushless DC (BLDC) motor driver—was introduced on February 22.The motor helps designers shrink the motor system size by almost 30%, while providing the industry’s highest gate-drive current for increased protection and output power.

In  January, TXN released the industry’s highest-performing solution for wireless battery management systems (BMS) that features independently assessed functional safety concepts and demonstrates how designers can remove heavy, expensive, maintenance-prone cabling and improve the reliability and efficiency of EVs. Also, TXN introduced the new BQ79616-Q1 automotive battery monitor and balancer. It  reports high-accuracy voltage measurements in systems up to 800 V. In addition, the BQ79616-Q1 streamlines Automotive Safety Integrity Level (ASIL) D compliance in hybrid electric vehicles (HEVs) and electric vehicles (EVs).

Continue Reading at StockNews.com

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