Data from the 873 funds tracked by Insider Monkey was used for this purpose. The list is compiled according to the number of hedge funds having stakes in each company. In Western Europe, these numbers are $794 million and $1.6 billion. Gartner claims that communications service providers in North America are one of the biggest beneficiaries of the 5G boom, growing 5G revenue from $2.9 billion in 2020 to $4.3 billion in 2021. Already, the 5G network adoption has reached one-third of global smartphone volumes, with further growth expected. Investment bank JPMorgan projects that the launch of 5G devices will peak in 2021 and the 5G market in North America will cross $180 billion by the end of this decade. The increased spending will be facilitated by the rollout of 5G capable devices across the world. According to the latest forecast by technology research firm Gartner, the global spending on 5G infrastructure is on track to grow over $19 billion in value this year, up 39% from $13.7 billion spent on 5G infrastructure in 2020. The rapid digitization of the world in the past year and a half, influenced heavily by the COVID-19 lockdowns, has also accelerated the commercial deployment of 5G in many parts of the world. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best 5G Stocks To Buy According To Hedge Funds. In this article, we discuss the 11 best 5G stocks to buy according to hedge funds.
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