#5g stocks to buy now software
These routers will allow companies to integrate networks and better automate processes across giant plants.īofA Securities analysts give Siemens a Buy rating and recently upgraded their estimates in part because of "strong growth and good visibility in China on both industrial automation and software businesses." In November, for instance, the company released the first industrial 5G router. Siemens is the leader in these business and industrial applications for 5G technology – not just in use, but in development. "That's not mobile internet, those are private networks that don't rely on a wireless spectrum." That's a real 5G use case that you're starting to see," says Reaves Asset Management analyst Brian Weeks.
"Enterprise applications allowing different machines to talk to each other in factories and automation. However, outside the world of faster downloads to a smartphone, 5G networks can be built on non-cellular networks.įor a giant factory, enabling a business-level 5G network can allow for more optimized automation, which can drive costs down and directly improve a company's bottom line. The German-based industrial conglomerate Siemens ( SIEGY, $78.91) isn't an obvious play on 5G … at least when looking at 5G as purely a consumer-based technology.
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