Forget about 5G. 6G is already on the horizon.
Sure, 5G is expected to disrupt just about everything around us. It’s expected to strengthen the Internet of Things (IoT), virtual reality (VR), augmented reality (AR), robotics, automated vehicles, healthcare imaging, diagnostics, and more. There’s even been talk about 6G, with China launching a satellite to test airwaves for the potential technology.
In fact, according to Daily Star, a new 6G microchip has been developed that may be able to transmit data more than 30 times faster than 5G. “They believe its connection is so fast, it can download a Netflix film in less than a blink of an eye at an incredible 1,000 gigabits per second.”
Even President Biden and Japanese Prime Minister Yoshihide Suga agreed to invest $4.5 billion into the development of 6G, according to the White House. On April 16, the White House said:
Together, the U.S. and Japan will “Strengthen competitiveness in the digital field by investing in research, development, testing, and deployment of secure networks and advanced ICT including 5G and next-generation mobile networks (“6G” or “Beyond 5G”). The United States has committed $2.5 billion to this effort, and Japan has committed $2 billion.”
Even Germany just announced $833 million in financing for 6G technology.
“We now have to invest massively in 6G research. Only in this way can we strengthen the technological sovereignty of Germany and Europe in the long term. We don’t want to be dependent on others in the future. For this we need a decade of new beginnings and massive investments in the technologies of tomorrow and the day after tomorrow,” noted Federal Research Minister Anja Karliczek, as quoted by RCR Wireless.
To potentially profit from the 5G and 6G boom (perhaps 7G), some of the top stocks to consider are Qualcomm (QCOM), Inseego Corp. (INSG), the Defiance 5G Next Gen Connectivity ETF (FIVG), AT&T (T), American Tower Corp. (AMT), and the First Trust Indxx NextG ETF (NXTG).