Promising 5G Stocks To Watch Today – February 08th

Today, investors might want to keep an eye on seven notable 5G stocks highlighted by recent trading activity. These companies are Super Micro Computer, Monolithic Power Systems, Cisco Systems, QUALCOMM, Fortinet, Onsemi, and Cadence Design Systems. These stocks are part of the growing 5G industry, which includes firms involved in developing, deploying, or utilizing 5G technology. This sector spans various areas, including telecommunications, network infrastructure, chip manufacturing, and software development, all poised to benefit from the rising demand for 5G services.

Super Micro Computer (SMCI)

Super Micro Computer, Inc. manufactures high-performance server and storage solutions globally. Its products encompass a wide range of technologies, including complete server systems, storage solutions, modular blade servers, and management software. Recently, the stock price saw an increase of $2.44, reaching $36.28, with a substantial trading volume of over 72 million shares. Super Micro Computer's twelve-month trading range has been from $17.25 to $122.90, and it currently has a market cap of $21.24 billion.

Monolithic Power Systems (MPWR)

Monolithic Power Systems, Inc. specializes in semiconductor-based power solutions used in numerous industries, including automotive and cloud computing. On Friday, the stock climbed by $59.35, trading at $720.25. The company reported a trading volume of about 2.55 million shares. With a market cap of $35.13 billion and a 12-month trading range from $546.71 to $959.64, Monolithic Power Systems remains a key player in the 5G space.

Cisco Systems (CSCO)

Cisco Systems, Inc. is a leading provider of Internet Protocol-based networking products. The company offers various solutions, including routing, switching, and wireless products for secure connectivity. The stock price remained steady at $62.27, with a trading volume of approximately 23.86 million shares. With a market cap of $248.01 billion, Cisco's 12-month trading range is $44.50 to $63.25, showcasing its stability within the technology sector.

QUALCOMM (QCOM)

QUALCOMM Incorporated plays an essential role in the wireless industry through its development and commercialization of critical technologies. The company reported a decrease of $1.36, with shares hitting $167.96 during trading. QUALCOMM had around 7.83 million shares traded. The company's 12-month low stands at $146.29, while the high reached $230.63, indicating significant volatility.

Fortinet (FTNT)

Fortinet, Inc. focuses on providing cybersecurity and networking solutions. The stock price increased by $2.94, reaching $107.66 with a trading volume of about 11.18 million shares. Fortinet's market cap is $82.52 billion, with a 12-month trading range between $54.57 and $110.53, highlighting the company's growth potential.

Onsemi (ON)

Onsemi primarily provides power and analog semiconductor solutions, focusing on various sectors, including automotive and industrial markets. The stock saw a dip of $1.19, hitting $51.25 during midday trading. With a market cap of $21.82 billion, Onsemi's stock has a twelve-month low of $49.80 and a high of $85.16.

Cadence Design Systems (CDNS)

Cadence Design Systems, Inc. is engaged in designing, developing, and selling software and hardware for integrated circuit design. The stock traded down by $3.23, at $299.68, with trading volume reaching 1.41 million shares. The firm boasts a market cap of $82.19 billion, and its stock range has been from $241.29 to $328.99 over the past year.

Overall, these seven companies represent significant opportunities for investors looking to gain exposure to the 5G market. As this technology continues to evolve and expand, these stocks could provide possible avenues for capturing growth in this thriving industry.

5G, Stocks, Technology, Investing, Market