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The global 5G technology market is expected to grow at an 82.4% CAGR to$248.46 billion by 2028. The increasing demand for improved network performance and reliability should drive the growth of the 5G technology market. Fifth generation technology is expected to play a key role worldwide in creating smart cities.
Therefore, we think fundamentally sound 5G stocks Qualcomm Incorporated (QCOM), Nokia Corporation (NOK), Qorvo, Inc. (QRVO), and Ciena Corporation (CIEN) could be ideal bets now.
