Qualcomm (QCOM) Stock Could Prove to be a Sound 5G Investment Idea | InvestorPlace
Conversations about 5G ramped up considerably in 2019, but the extensive rollout of the next-generation connectivity platform will happen in 2020. Predictably, there has been talk about which stocks are best-suited for the dawn of 5G, a conversation that includes familiar names, such as Apple (NASDAQ:AAPL), Verizon (NYSE:VZ) and AT&T (NYSE:T), among others.
Up 56% in 2019, Qualcomm (NASDAQ:QCOM) could prove to be a winning 5G stock. Qualcomm is at the epicenter of the 5G upgrade cycle. Remember, if an investor is willing to bet on Apple as a 5G upgrade play, (and it’s not a bad wager to consider) Qualcomm certainly merits consideration because it’s the dominant producer of 5G modem chips that handset makers need.