5G technology is transforming our lives; therefore, enthusiasm is considerable. Investors prioritize finding top 5G stocks. 5G expansion will spur rapid development and investment. This progress will create a holistic ecosystem where AI and IoT work together to provide possibilities across industries. Global governments and businesses want to investigate 5G's possibilities. Due to the complexity of the infrastructure, a 2020 Edward Jones assessment found that 5G's full potential would take years to achieve. To use its high speeds and responsiveness, the 5G rollout is slow and depends on software development and experimentation.

5G, as the latest in mobile networks, offers unprecedented data speeds and connectivity, equating the mobile internet experience to that of high-speed wired connections. This technology has diverse applications. For instance, it enables doctors to conduct remote consultations more effectively. Streaming services' enhanced quality and speed will revolutionize entertainment, including live sports betting and movie watching. It's also a game changer for virtual reality and gaming, pushing these sectors to new heights.

Beyond individual use, 5G is instrumental in developing smart cities, integrating various urban management systems like lighting, traffic, and waste control. Investing in 5G technology is strategic, but it's crucial to discern which stocks hold true potential. Not all companies in this sector are equally promising. Investors seeking the best 5G stocks should rely on comprehensive tools like the Portfolio Grader, which assesses and ranks stocks based on their performance and prospects.

Leading 5G Stocks to Consider for Investment

Verizon Communications Inc. (VZ)

Hedge Fund Interest: 59

Verizon Communications (NYSE: VZ) has attractive dividend yields in the telecom industry. Verizon gained access to a wide C-band 5G spectrum four months early, making headlines. This development is pivotal for Verizon's strategy to broaden its 5G home and business internet services offerings.

In the investment community, Verizon has caught the attention of numerous hedge funds. At the close of Q1 2023, 59 hedge funds monitored by Insider Monkey held positions in Verizon. Diamond Hill Capital, run by Ric Dillon, was a major investor with $258 million in the firm.

Cisco Systems, Inc. (CSCO)

Hedge Fund Interest: 61

Cisco Systems, known as CSCO on NASDAQ, is an important company in the 5G area. It gives different kinds of software and hardware solutions. These include Cisco Private 5G service, a cloud-based design for 5G networks, and different gadgets used to create these growing systems. Recently, Cisco's stock went up after a good review from Citi started a 30-day positive outlook watch on the company.

Cisco has gotten a lot of interest in hedge funds. Insider Monkey's database, which follows 943 hedge funds and makes information public, shows that the shares of 61 hedge funds own Cisco Systems. This interest from hedge funds shows how important and possible the company is in the growing 5G market.

American Tower Corporation (AMT)

Hedge Fund Interest: 65

The American Tower Corporation, called AMT on the New York Stock Exchange, specializes in owning and managing properties for data centers and wireless communications infrastructure. It's part of a group known as a real estate investment trust (REIT). As more people want a 5G setup, AMT's top spot in the business makes it ready for possible growth.

Lately, American Tower Corporation changed its 2023 plan for adjusted funds from operations (AFFO) to look better. This happened because the main property business did well. In the second quarter, the firm also showed amazing results. Its profit beat expectations at $2.46, more than they thought by $0.04. AMT's money from sales for three months grew by 3.7% than last year, reaching $2.77 billion and beating the guess by $50 million. The business's money from land also increased by 4.4% to $2.729 million.

Intel Corporation (INTC)

Hedge Fund Interest: 68

Intel Corporation, known as INTC on the NASDAQ stock market exchange, is a major player in the 5G business. They provide many different hardware and software products for this market. Intel's chips are ready to get a big advantage from the current AI and 5G changes. The company's shares went up after their second-quarter money report, suggesting a possible improvement in the PC market.

At the end of the first quarter in 2023, Intel attracted attention from 68 hedge funds, according to Insider Monkey's big list. This investor interest shows the company's good place and chance to grow the 5G technology field.

QUALCOMM Incorporated (QCOM)

Hedge Fund Interest: 69

QUALCOMM Inc., known as QCOM on NASDAQ, is a big company in the 5G world. They sell many things like hardware and software products for this new technology. Its selection has the Snapdragon 5G Compute platforms, all-inclusive high-power mmWave antenna modules for 5G fixed wireless access (FWA), the Snapdragon Automotive 5G Platform, and Qualcomm's own built in systems. These are made up of plans like useful sets to make speedy contacts on a mobile device.

QUALCOMM is a top choice among the best 5G stocks to think about. At the end of Q1 2023, Insider Monkey found that 69 hedge funds owned shares in QUALCOMM. This attention from hedge funds shows that QUALCOMM is important and has potential in the growing 5G area.

Analog Devices, Inc. (ADI)

Hedge Fund Interest: 73

Analog Devices is a semiconductor company on NASDAQ with the stock name ADI. Their share prices have increased by about 14% since this year. Analog Devices is in a good spot to make money from the increasing need for 5G chips and gear. They are big players in the radio technology market used by mobile network structures.

Inside Monkey's large database, which watches 943 big money managers or hedge funds, reported that by the end of the first quarter (first three months), 73 people held ADI stocks. At this time, the biggest money going into Analog Devices came from Generation Investment Management. This company was started by David Blood and Al Gore, who placed $1 billion in their funds to invest.

Marvell Technology, Inc. (MRVL)

Hedge Fund Interest: 62

Marvell Technology, called MRVL on NASDAQ, is a big player in the 5G industry. According to hedge fund choices, they are ranked number 12 among the top stocks to buy right now. This year, the company's stock value has increased by a lot (65%) compared to last year. Marvell Technology's 5G products are many. They include DSP-powered modules for connections up to 400 G and carrier switches that perform highly in cell site gateways, which run on Prestera technology. Also included within their selection are security tools designed especially for use with the 5G network, along with Radio Access Networks (RAN) solutions specifically made to

Of the 943 hedge funds watched by Insider Monkey, only 62 bought shares in Marvell Technology. Atreides Management, led by Gavin Baker and with an investment of $223 million, was the biggest shareholder in Marvell Technology during this time. Hedge funds have a big interest in Marvell Technology. This shows how important and promising it is for the fast-changing 5G market.