The fifth generation of wireless infrastructure “5G” will fundamentally change the way we share and consume content.
Some benchmarks have shown that it’s capable of providing speeds that are 100 times greater than the current 4G networks. That means data transfers and things such as face timing over long distances could happen instantaneously, in real-time.
And we’re still only in the infancy of the 5G revolution…
Telecommunications companies AT&T (NYSE: T) and Verizon (NYSE: VZ) are building out networks as we speak.
Apple (NASDAQ: AAPL) and Alphabet (NASDAQ: GOOGL) have only just begun releasing their first 5G-capable mobile devices.
But, even as much of the globe is working to expand 5G services to as many locations as possible, there aren’t enough data centers and hardware available for these networks to truly provide next-generation speeds.
That’s why I’m bringing you one of the best 5G chip stocks in the market.
While other semiconductor companies like Qualcomm (NASDAQ: QCOM) build chips to make mobile devices work, this company focuses on data-center hardware that can handle the sheer amount of data coming through.
This means they’ll be a key player in the market as the shift to 5G heats up…
One of the Best 5G Chip Stocks on the Market
Micron Technology (NASDAQ: MU) is an American-based semiconductor company.
But unlike chipmakers such as Nvidia (NASDAQ: NVDA), Intel (NASDAQ: INTC), and Advanced Micro Devices (NASDAQ: AMD) – which manufacture logic gates for central processing units (CPUs) and graphics processing units (GPUs) – Micron focuses on memory.
More specifically, Micron manufactures dynamic random-access memory (DRAM). DRAM is a type of computer RAM (memory) that stores data on individual capacitors.
This means DRAM typically takes up much less space to store, process, and transfer information than traditional forms of RAM.
This is pivotal for data centers, as these are massive facilities filled with computers specifically to process and store data at immense speeds. And many of these memory chips are being developed specifically to help these facilities upgrade and process data like AI that can only efficiently run on 5G networks.
And Micron’s focus on this technology has paid off in spades for the company. This is especially true with people and businesses continuing to work and operate remotely.
In Micron’s first-quarter report last week, the company said earnings per share (EPS) were $0.78. Wall Street had initially expected an EPS of $0.68.
Revenue also crushed estimates. The memory chipmaker said revenue for the quarter was $5.77 billion, topping the consensus of $5.66 billion.
CEO Sanjay Mehrotra in a press release said these results were largely thanks to strong demand for DRAM from data centers.
So, as consumers continue to work remotely, buy the latest personal computers (PCs) and mobile devices, and stream their favorite shows, data center companies will need all of the fastest and most space-efficient memory to keep operations running smoothly.
And as the 5G market continues to grow, the need for these memory chips will rise in tandem.
The Best 5G Stock You’ve Never Heard Of
Sponsored
I’ve uncovered what could be the most promising stock in the 5G market.
It’s a single play that will let you earn money from every single company in the 5G sector.
But get this, I’m guessing that only one in 36,000 people even know this company exists.
This is your chance. This company is poised to go vertical. They’ve already inked contracts with some of the biggest, most successful media companies.
Huge corporations — T-Mobile, Cox, Sprint, and dozens more — are all ready to cough up billions of dollars for just a piece of the tech this small company has to offer.
But here’s the kicker:
This company is still trading for less than $10 a share.
If you’ve got a ten in your pocket (or, better yet, $20!) you can get your foot in the door with this unbelievable profit opportunity.
I’ve compiled all of my research on this firm, data, statistics, the ticker symbol, and even my target buy and sell prices.
