5 Best Communication Equipment Stocks to Buy Now

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1. QUALCOMM, Inc. (NASDAQ: QCOM)

With a market cap of $175 billion, Qualcomm tops the list of 10 best communication equipment stocks to buy now. Qualcomm is on the frontlines of the 5G revolution in the U.S. The company is reportedly making 5G equipment in various segments, including radio communications technology for IoT devices, 5G modem chips and 5G antennas. The company has also struck 5G equipment partnerships with 19 major mobile device manufactures and 18 carriers.

As of the end of the third quarter, 87 hedge funds out of the 816 funds tracked by Insider Monkey held stakes in Qualcomm. The total value of these stakes is $258.13 million.

Please also see 10 Best Lithium and Battery Stocks To Buy Now and 10 Best Stocks To Buy For 2021 According To Stan Druckenmiller

Disclosure: None.

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