<div id="readability-page-1">The fifth generation of communication technology, aka 5G, will play a critical role in shaping a fully connected world, putting several 5G stocks in the spotlight. 5G is set to take digital connectivity to new heights with greater bandwidths, speedy downloads and larger data capacity. The network will drive new technologies from IoT (Internet of Things) to AR/VR and the metaverse. Its impact will be felt across industries, from semiconductors to real estate. Given the broad use cases, it is no surprise that the 5G sector is poised for massive growth. Data shows that the 5G market will grow from $98.3 billion in 2023 to a whopping $427.7 billion by 2028, reflecting a compound annual growth rate (CAGR) of 34.2%. Needless to say, 5G is still very much in its early stages, and its adoption across industries could take years. However, companies actively involved in the expansion of 5G infrastructure will see significant revenue growth, while investors in 5G stocks can capitalize on the gains. On that note, here’s a look at three of the hottest 5G stocks on the market right now. <h2>T-Mobile (TMUS)</h2> <div id="1196807"><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="300" height="176" original-src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/>Source: Shutterstock</div>T-Mobile (NASDAQ:TMUS) is the telecommunications giant leading the 5G revolution. In its efforts to expand its role in the 5G market, the company merged with Sprint in 2020. The strategic partnership helped T-Mobile double its total capacity and triple its 5G capacity. This was followed by the buyout of Mint, Ultra and Plum this year, which cemented its position in the industry. According to Opensignal, T-Mobile holds the widest 5G reach on the market, giving it a competitive edge over its peers. The company has brought its 5G capabilities to the big stage, powering several high-profile events, including the MLB All-Star Weekend and Mubadala New York Sail Grand Prix. Looking at the financials, it is no surprise that T-Mobile is at the top of its game. In its first quarter, the company reported a 4% growth in service revenue to $16.1 billion and 1.2 million net customer additions. Adjusted EBITDA grew 8% to $7.6 billion. The company is set to report Q2 earnings on July 31st and analysts anticipate a 22% growth in earnings and a 1.6% increase in service revenue YoY. With shares up 25% in the past year, investors will find TMUS among the top 5G stocks to capitalize on the 5G gains. <h2>Qualcomm (QCOM)</h2> <div id="1444720"><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="300" height="169" original-src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/>Source: photobyphm / Shutterstock.com</div>The opportunities for Qualcomm (NASDAQ:QCOM), a leader in the wireless technology space, remain endless as a 5G world takes shape. The company played a key role in adopting the 3G and 4G networks during the smartphone boom. Today, it’s taking an early lead in 5G with its mmWave mobile network and Snapdragon semiconductor products—the company’s chips power a range of technologies, from autonomous vehicles to gaming PCs. Qualcomm’s financials reflect its success story. Despite modest revenue growth of 1% in Q1, net revenue surged by 37%. Shares rose 9.7% post-earnings. Qualcomm’s strong market position and strategic investments in 5G will power its future gains. Analysts anticipate double-digit revenue growth in its upcoming earnings, with JP Morgan giving QCOM stock a 34% price upside. As a beneficiary of the 5G boom, Qualcomm is one of the hottest 5G stocks on the market right now. Shares are up 28% this year, but I anticipate a significant upside for QCOM in the coming years. <h2>Broadcom (AVGO)</h2> <div id="3062602"><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="300" height="169" original-src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/>Source: Piotr Swat / Shutterstock.com</div>A third stock riding the 5G wave is Broadcom (NASDAQ:AVGO). The company made headlines recently for its 10-for-1 stock split, which investors typically applaud as making the stock more affordable. But while its stock may be trading at a lower price, AVGO sees plenty of upside ahead. Broadcom marked its territory in the 5G market with several partnerships and acquisitions over the years. Last year, the company acquired VMware to accelerate its ability to increase connectivity across its 5G networks. This year, it inked a multi-billion dollar agreement with Apple (NASDAQ:AAPL) to develop 5G radio frequency components for the tech giant. Coming to the financials, Broadcom reported better-than-expected earnings in Q2. Earnings per share (EPS) came in at $10.96 over the anticipated $10.84 per share. Revenue also beat expectations at $12.49 billion over the estimated $12.03 billion. Although AI remains a core driver behind the recent gains, 5G still contributes to a sizable portion of its revenue. In the high-growth 5G services market, Broadcom looks increasingly unstoppable as it expands its position. Investors seeking a high-reward play will find AVGO one of the hottest 5G stocks today. On the date of publication, Divya Premkumar did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article. Divya has a background in finance and accounting and has worked in FP&amp;A roles at Fortune 500 companies. She is an avid reader and enjoys writing on a variety of topics including stocks, crypto, blockchain and global policy.5G, Communications </div>

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The 5G sector is poised for massive growth, with the market projected to reach $427.7 billion by 2028. T-Mobile, Qualcomm, and Broadcom are three of the hottest 5G stocks right now. T-Mobile is leading the 5G revolution with its wide reach and strong financials. Qualcomm is a leader in wireless technology and is expected to see significant gains from 5G. Broadcom is making strides in the 5G market with partnerships and acquisitions. These stocks present investment opportunities in the growing 5G industry.

- 5G technology is set to revolutionize connectivity, driving advancements in IoT, AR/VR, and the metaverse, impacting industries from semiconductors to real estate. The 5G market is projected to grow significantly, reaching $427.7 billion by 2028 with a CAGR of 34.2%, offering substantial growth opportunities for companies involved in its expansion. T-Mobile, Qualcomm, and Broadcom emerge as top 5G stocks, showcasing strong financial performance and strategic positioning in the evolving 5G landscape.
- T-Mobile leads the 5G revolution with wide market reach and notable financial growth, while Qualcomm's early lead in 5G technology and strategic investments position it for future success. Broadcom, with key acquisitions and partnerships, including a significant deal with Apple, demonstrates a strong presence in the 5G market, reflecting in its impressive financial performance and growth prospects. Investors eyeing the 5G sector can consider these companies for potential gains.

What Are the Hottest 5G Stocks Right Now? 3 Top Picks.