T-Mobile Reported Strong Earnings — Here Are 3 More Promising 5G Stocks 2022

The transition to 5G has been in the works for a while now, leaving investors scrambling to figure out which firms will be at the forefront of the revolution.

Here are three more that should be on the radar of every investor.

T-Mobile Stock (TMUS: NASDAQ)

T-Mobile’s performance is particularly impressive considering the company’s rocky road over the last year. In late January, its stock was priced at $101.62 — the lowest point since June 2020. Yet by early February, its value bounced up to $120.94.

Apple Stock (APPL: NASDAQ)

Apple (AAPL) might not be responsible for deploying 5G, but it’s still directly involved due to its role in introducing tailored 5G phones. There have been concerns that the performance improvements between iPhone model updates have become less significant, but access to 5G could change all of this and lead to an upgrade boom — meaning high profitability.

Analog Devices (ADI: NASDAQ)

Analog Devices is scheduled to release its earnings on February 16, so nothing is certain yet. However, estimates look promising — the Zacks Consensus Estimate is $1.79 per share, which would be an increase of 24.3% from the previous year.

Axcelis Technologies (ACLS: NASDAQ)

Axcelis Technologies (ACLS)’s market cap of $2 billion means that it’s not a Fortune 500 company like the others on this list. However, its role in manufacturing materials for the semiconductor industry could mean that it will stand to benefit hugely from 5G.

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