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Stock impact report

3 Top 5G Semiconductor Stock Picks From BofA [Yahoo! Finance News]

Qorvo, Inc. (QRVO) 
Last qorvo, inc. earnings: 1/29 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.qorvo.com/investor-relations
The rollout of 5G wireless networks around the world is one of the biggest potential stock market catalysts in the coming years — especially for semiconductor stocks. Some companies will certainly benefit from the 5G network boom more than others.BofA Securities analystVivek AryaHow To Play 5G With RF NamesBofA is forecasting 14% compound annual revenue growth for the RF industry from 2020 through 2022 after the industry flatlined at around $12.5 billion annually over the past three years.About 650 million 5G phone shipments are expected in 2022, up from 170 million this year, the analyst said.Skyworks Solutions IncSWKSQorvo IncQRVOQUALCOMM, IncQCOM“Separately, SWKS benefits from strong positioning in IoT markets; QRVO strength in infrastructure, and AVGO strength in networking/compute/software.”Initial 5G launches in China have been solid, Arya said. While bears argue that 5G devices lack “must-have” features, commercial momentum will drive mainstream adoption over time, the analyst Show less Read more
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