America's 5G Illusion Is About to Collide With the AI Revolution
The country is building the world's largest AI compute footprint on top of the developed world's most incomplete wireless network. Subject: why the US 5G buildout is incomplete and how the AI capex cycle depends on finishing it. 00. Executive Summary: The Country Has a Logo, Not a Network
00. Executive Summary: The Country Has a Logo, Not a Network
For seven years the American public has been told the country has 5G. Carriers painted the map, launched icons on phones, and reported to Washington that 95 percent of the population is covered. It is a marketing achievement. It is not, in any meaningful engineering sense, a network.
The number that clarifies everything is 2.2 percent. That is the share of Verizon's mobile samples in the second half of 2025 in which the phone was actually connected to millimeter-wave 5G, the gigabit-speed high-band technology that defines what real 5G is supposed to deliver, on Ookla's RootMetrics testing. The other 97.8 percent of the time, a Verizon phone showing a 5G icon is on low-band or mid-band spectrum delivering speeds a good LTE network could match. On the 5G Standalone test, which measures whether the network is actually running on a 5G core rather than borrowing a 4G one, the United States sits at 31.6 percent of 5G traffic, per Ookla and Omdia. On the 5G-Advanced test, which measures whether the country has begun deploying the next generation, the answer is essentially zero cities. China's answer is 330 cities.
The FCC's headline 95.2 percent 5G coverage number is measured against a 35 by 3 Mbps threshold. That is the speed of a well-run cable modem from 2010. Measured properly, meaning gigabit-class throughput on 5G Standalone infrastructure with sub-10-millisecond latency and network slicing, the share of the country that actually experiences 5G is somewhere between 2 and 13 percent depending on which honest metric you use. On the metric that matters most for the next decade, next-generation 5G-Advanced deployment, the share is zero.
The country is building the world's largest concentration of AI compute on top of what is, functionally, a warmed-over 4G network wearing a 5G logo.
Meanwhile the AI buildout underway across Texas, Virginia, Arizona and the Ohio River Valley is the largest private capital deployment in a generation. China operates 4.958 million 5G base stations, has commercialized 5G-Advanced in 330 cities, and expects to complete 6G technical standards research by 2027. The United States operates roughly 447,605 total cell sites across all technology generations combined. On generation, China is deploying the network of 2028 while America has not finished the network of 2020. The country that finishes its next-generation wireless network first will lead the AI economy of the 2030s. The country that does not will import AI infrastructure, license AI models, and cede whole industries to competitors who moved faster.
01. The Coverage Illusion: Five Honest Measures, Five Different Answers
The most misleading number in American infrastructure policy is 95.2 percent. Peel back the label and the picture changes completely.
Millimeter-wave availability. Across all of RootMetrics's second-half 2025 testing in both urban and rural areas, millimeter-wave showed up in 2.2 percent of Verizon's samples. Verizon is the American carrier most aggressive on millimeter-wave. AT&T's mmWave 5G+ network exists in 42 cities and 26 venues, essentially stadiums and convention centers. This is the tier of 5G that actually delivers what the technology was sold as, and functionally none of the country lives inside it.
5G Standalone. Standalone is what unlocks network slicing, sub-10-millisecond latency, and the enterprise features that make 5G economically distinct from LTE. Ookla and Omdia report that the United States led global growth on this metric in 2025, rising from 23.4 percent of 5G sample share in the fourth quarter of 2024 to 31.6 percent a year later. American 5G is a network on which, roughly two out of three times you connect, the phone is still riding on 4G plumbing.
High-speed 5G at 100 Mbps. The closest thing to a real 5G benchmark BroadbandNow constructed from empirical speed tests reached 62 percent of Americans by September 2022. It has grown since, but nowhere near 95 percent.
Land area. At least one nationwide carrier's 5G covers roughly 39 percent of American land on FCC broadband data collection figures. At 35 by 3 Mbps and above, that share drops. Verizon's 5G covers 13 percent of the country's land area. More than 500,000 miles of American roads sit outside any terrestrial 5G footprint. It is ground, not people, that autonomous vehicles, precision agriculture, energy infrastructure and forward-deployed military systems require.
Generation. 5G-Advanced, also called 5.5G, delivers 10-gigabit peak downlink, sub-millisecond latency, native AI air-interface integration, and passive IoT support for tens of billions of unpowered sensors. China had commercialized 5G-Advanced in 330 cities by early 2026. The United States has commercialized it in essentially none. On this metric, the share of America that has next-generation 5G is zero.
The 95 percent figure covers everything at the speed of a decade-old cable modem, and calling that 5G has allowed a country whose networks are genuinely incomplete to convince itself they are finished.
02. The China Gap: The Comparison Is Not Close and Is Not Narrowing
On the metrics that matter for AI-era competitiveness, China is executing a coordinated national build the United States has no equivalent of.
The physical buildout
China's 5G base station count reached 4.958 million by the end of March 2026, up from 4.486 million in May 2025 and 4.838 million by year-end 2025. China Mobile alone operates nearly 2.8 million 5G base stations, more than six times the entire United States cell site count across every technology generation combined. On density, China has deployed roughly 35 5G base stations per 10,000 people versus roughly 6 to 7 for the United States on a like-for-like basis.
The generation gap
China commercialized 5G-Advanced in 2024 and had deployed it across 330 cities by early 2026. 5G-Advanced delivers 10-gigabit peak downlink speeds, sub-millisecond latency, native AI air-interface integration, and passive IoT support for tens of billions of unpowered sensors. Pilot deployments of 10-gigabit optical networks are underway across 86 Chinese cities. China's 6G technical research phase is scheduled to conclude in 2027, with commercial deployment targeted for 2030. When Chinese carriers begin commercial 6G in 2030, American carriers will be finishing 5G. That is a full technology generation of lag, with the compounding productivity consequences that come with it.
Applied AI integration is live
China's 5G-Advanced networks are not showcases. They are production infrastructure. Baidu's Apollo Go robotaxi service operates commercial fleets in more than a dozen Chinese cities. Automated container terminals at Qingdao and Shanghai run on private 5G with productivity gains of 30 to 40 percent. Foxconn's 5G-Advanced smart factories in Zhengzhou and Shenzhen have documented productivity improvements of 30 percent, defect reduction of 40 percent, and energy consumption cuts of 25 percent.
The model race is closer than the public understands
DeepSeek's R1, released in January 2025, achieved reasoning performance competitive with leading American frontier models at a fraction of the training cost. Alibaba's Qwen, Moonshot's Kimi and Baidu's ERNIE have narrowed the gap in multilingual and coding benchmarks. China leads the world in generative AI patent filings by roughly 6 to 1 over the United States. Model leadership is transient. Infrastructure leadership is durable. The United States can lose the model race and recover if it holds the infrastructure lead. It cannot lose both.
The export dimension
Through Huawei and ZTE, and Belt and Road financing, China exports 5G infrastructure to more than 70 countries. In each installation, Chinese vendors capture the network's data flows, maintenance revenue, software update dependency, and the eventual 5G-Advanced and 6G upgrade path. The United States operates zero domestic radio access network manufacturers at scale.
03. The Physics and Economics of Falling Behind
5G's promise depends on three spectrum bands with very different physical characteristics, and on a fiber backhaul plant most of the country has not yet built.
Low-band at 600 and 700 MHz propagates for miles and penetrates walls but delivers speeds closer to good 4G. Mid-band at 2.5 GHz, 3.45 GHz, and C-band at 3.7 to 3.98 GHz is the workhorse for real 5G performance and requires far denser site placement. Millimeter wave at 24, 28 and 39 GHz delivers multi-gigabit throughput but is blocked by leaves, glass and heavy rain, and requires line of sight within a few hundred meters.
Site density
A true 5G buildout requires roughly three to five times the site density of the 4G network it replaces. Each macro site costs $100,000 to $200,000 to construct and equip. Each outdoor small cell runs $10,000 to $50,000. Each edge computing node runs $100,000 to $500,000. Fiber backhaul runs $25,000 to $100,000 per kilometer.
The backhaul bottleneck
Eighty to ninety percent of 5G macro sites in developed markets now require fiber backhaul, and every small cell requires it. In the United States, roughly 40 to 56 percent of cell sites are connected by fiber. Verizon owns fiber to roughly 50 percent of its cell sites. A 5G radio without fiber is a Ferrari on a dirt road. In China, essentially every 5G macro site is fiber-connected.
Geography and spectrum
Eighty percent of Americans live on 3 percent of the land. The economics of a $150,000 macro site amortized over 40 subscribers do not work without public co-investment, satellite complement, or shared infrastructure. Meanwhile the FCC's general auction authority lapsed in March 2023 for the first time in the agency's modern history and remains constrained. The 3.1 to 3.45 GHz band, the 4.4 to 4.94 GHz band, and portions of the 7 to 8 GHz band are held by federal incumbents. Every 100 MHz of unallocated spectrum represents roughly 30 to 50 percent more sites required to deliver equivalent throughput. The country is compensating for spectrum scarcity with unbuilt towers.
A 5G radio without fiber is a Ferrari on a dirt road.
04. The AI Boom Changes the Calculus
Global data center electricity consumption will rise 26 percent in 2026 to 565 terawatt-hours, with the United States consuming approximately 204 terawatt-hours, or 36 percent of the global total.
On Gartner's forecast, AI-optimized servers will draw 175 terawatt-hours worldwide in 2026, an 84 percent increase over 2025, and by 2027 will exceed conventional server load for the first time. Stargate contemplates $500 billion in AI infrastructure. Meta, Amazon, Microsoft and Google are each committing $75 to $100 billion annually in AI capex. American AI compute scale is unmatched globally, sited disproportionately near power, water and long-haul fiber, but not near strong terrestrial wireless coverage.
Latency
5G ultra-reliable low-latency communication targets one to ten milliseconds at the air interface versus roughly 30 to 50 milliseconds on LTE. 5G-Advanced pushes that toward sub-millisecond. Autonomous driving, remote surgery, industrial robotics and drone swarms all sit inside that gap.
Capacity
Mid-band 5G delivers ten to fifty times the spectral efficiency of LTE at the cell level. 5G-Advanced adds another three to ten times on top. The forecast doubling of mobile data traffic every two to three years is not sustainable on the 4G plant, which is what most of the country is still riding on when the 5G icon lights up.
Network slicing
5G's ability to carve virtual networks with dedicated performance guarantees for a factory, a hospital or a defense installation is what makes AI applications commercially viable outside the hyperscale cloud. Slicing requires 5G Standalone. Two-thirds of American 5G traffic still is not on Standalone.
The satellite layer
Starlink Direct to Cell, in partnership with T-Mobile, went live commercially in the United States in 2025 across more than 500,000 miles of previously uncovered territory. AST SpaceMobile's BlueBird constellation is pursuing a parallel path with AT&T and Verizon. These extend the coverage frontier. They do not replace terrestrial 5G. Direct to cell throughput is measured in kilobits per second per beam, not megabits. Terrestrial 5G is the arterial system and satellite is the capillary system. America has the world's best capillaries and an unfinished arterial network.
The country is building the world's largest AI brain in locations that the developed world's most incomplete wireless network cannot fully reach.
05. The Stakes: What Losing This Race Actually Costs
The reason for urgency is not aesthetic. It is measurable. The following consequences flow directly from an unfinished, second-tier 5G network in an AI-first global economy.
Direct GDP loss
PwC projects that 5G will add $1.3 trillion to global GDP by 2030: healthcare $530 billion, smart utilities $330 billion, consumer and media $254 billion, industrial manufacturing $134 billion, financial services $85 billion. A four-year lag versus China's timeline translates to roughly $100 to $150 billion in permanently forfeited economic activity through the balance of the decade, and multiples of that in compounded innovation lost.
Manufacturing and the risk of a second deindustrialization
The productivity gains documented in Chinese 5G-Advanced factories are 30 percent in throughput, 40 percent in defect reduction, and 25 percent in energy consumption. If Chinese manufacturers operate at those productivity levels for a decade before American manufacturers achieve parity, the compounded cost advantage is decisive. Without 5G-Advanced private networks on American factory floors, US reshoring is asymmetric and unfavorable.
Autonomous systems and the transportation economy
Long-haul autonomous trucking, which addresses a $700 billion United States logistics market, cannot scale without national 5G. Every year of delay is a year in which Chinese autonomous logistics platforms mature domestically and prepare for global export.
Precision agriculture, healthcare and defense
Precision agriculture applications built on 5G can add 15 to 30 percent to yield per acre while reducing water and fertilizer consumption by comparable margins. Remote surgery, real-time imaging and connected chronic-disease monitoring together represent the largest single line item in PwC's global 5G impact model at $530 billion. The Department of Defense's Joint All Domain Command and Control doctrine depends on secure, low-latency, geographically distributed wireless connectivity. Every gap in the American 5G footprint is a gap in the tactical edge network.
Compounding
Slower factory automation reduces the industrial base that funds the next round of research and development. Delayed autonomous transportation slows the logistics productivity that would fund infrastructure investment. Rural depopulation reduces the political constituency for infrastructure buildout. Each dimension makes the others harder to reverse. This is what path dependence looks like in national competitiveness, and it is why the window closes rather than staying open.
Model leadership is transient. Infrastructure leadership is durable. America can lose the model race and recover if it holds the infrastructure lead. It cannot lose both.
06. The Geographic Argument for American Advantage
The instinct in Washington and on Wall Street has been to view the 3.8 million square mile American land mass as a wireless deployment liability. The opposite is true.
The United States has the largest arable land base of any major economy. It has the largest domestic energy production. It has the largest domestic AI compute footprint under construction. It has the deepest capital markets. It has 3.8 million square miles of physical territory over which precision agriculture, autonomous logistics, distributed manufacturing, energy automation, environmental monitoring and next-generation defense sensing can be deployed. No other country has this combination.
If the United States densifies its 5G network to the point where the same 5G speeds available in downtown Manhattan are available in a wheat field in Kansas, an oil pad in the Permian, a container port in Savannah, and a manufacturing floor in Greenville, the addressable productivity surface expands by an order of magnitude. This is not a coverage argument. It is a total factor productivity argument.
Three physical constraints define the opportunity.
First, information theory is unforgiving. Claude Shannon's channel capacity theorem sets the ceiling on data throughput as a function of bandwidth and signal-to-noise ratio. Every additional hertz of licensed spectrum and every decibel of link budget improvement translates directly into economic capacity.
Second, latency is a physical constraint on intelligence at the edge. A 10-millisecond round trip supports autonomous vehicles. A 100-millisecond round trip does not. The economic value of moving latency from 100 to 10 across the American interior is measurable in trillions of dollars of activity.
Third, network effects in AI compound with coverage density. Each additional connected sensor, endpoint or actuator improves the training data available to every model deployed on the network. This is the AI-era analog of the aerial photography advantage the United States built in the mid-twentieth century, and the country is currently forfeiting it.
07. What Acceleration Looks Like: Eight Levers, One Congressional Session
If the goal is a genuinely nationwide, ground-covering, AI-ready 5G network by 2030, the following are the levers with the highest measurable impact.
One. Restore spectrum authority. Restore FCC general auction authority and authorize the release of the 3.1 to 3.45 GHz band, the 4.4 to 4.94 GHz band, and portions of the 7 to 8 GHz band for commercial mid-band 5G use. Every 100 MHz of additional mid-band spectrum reduces the number of sites required to deliver a given throughput target by 30 to 50 percent. This is the cheapest lever available. It requires legislation, not appropriations.
Two. Permitting and right-of-way reform. Federal preemption of local siting delays, a shot clock on federal-lands siting decisions, and a standardized right-of-way regime for fiber and pole attachments. A national one-touch make-ready standard for pole attachments alone would compress rural fiber deployment timelines by 12 to 18 months.
Three. Backhaul co-investment with AI capex. Pair every new AI data center campus with mandatory long-haul and middle-mile fiber that terminates in adjacent counties. A gigawatt-scale AI campus already requires diverse fiber routes. Extending those routes ten to fifty miles beyond the campus fence line is a fractional cost that unlocks 5G backhaul for entire underserved regions.
Four. Redirect BEAD toward densification. The $42.5 billion Broadband Equity, Access, and Deployment program should be redirected in part toward tower and small-cell densification in rural areas where fiber and 5G share trench and pole assets. In 2026, fiber to a tower is fixed broadband to a fixed wireless subscriber via 5G.
Five. Domestic RAN manufacturing. Federal procurement preference, Defense Production Act Title III investment, and coordinated demand from the three national carriers can bring a domestic RAN supply chain online within five years. This is the wireless analog of what the CHIPS Act did for semiconductors and is arguably a higher-leverage industrial policy given the security implications.
Six. Integrated satellite fallback. Direct to cell should be treated as part of the national network, not a competitor. Regulatory clarity on spectrum sharing between terrestrial and non-terrestrial networks would allow carriers to advertise a single, seamless coverage footprint that includes the empty quarters of the country.
Seven. A national 5G-Advanced program. Adopt an explicit deployment target of 100 metros by 2028 and 250 by 2030, with matching federal funding tied to Buy America RAN sourcing and 10-gigabit fiber backhaul. This is the specific area where the country is furthest behind China.
Eight. A national wireless corridor program. Designate ten to fifteen national wireless corridors along interstate highways, agricultural belts and defense-relevant geography for accelerated deployment. Federal cost sharing on these corridors solves the rural economics problem that has held back private carrier investment.
08. The Public Companies That Get Paid to Finish the Build
Every dollar that flows through the 5G buildout lands on the income statement of a specific, mostly publicly traded, mostly identifiable set of companies. The list below is not a recommendation. It is a map.
AmpliTech Group (NASDAQ: AMPG, AMPGZ)
AmpliTech is the clearest small-cap beneficiary of the Open RAN 5G buildout in the American market. The company designs, develops and manufactures low-noise amplifiers, RF and microwave signal-processing components, and complete 5G Open RAN radio systems that go inside base stations, remote radio units and antenna arrays. Fiscal 2025 revenue was $25.2 million, up 165 percent year over year. Second-quarter 2026 revenue was $8.07 million, up 50.9 percent sequentially from the first quarter, with gross profit growth of 161.2 percent year over year. Management has guided full-year 2026 revenue to exceed 2025. The visible order pipeline for the ORAN 5G product line includes an approximately $11 million multi-year letter of intent from TELUS and roughly $7.3 million in follow-on ORAN 5G orders received in August 2026.
AmpliTech's Titan Crest agreement amendment positions its Open RAN radios for the global Open RAN market that Mordor Intelligence estimates at $5.42 billion in 2026, projected to reach $25.27 billion by 2031 at a 36 percent compound annual growth rate. What differentiates AmpliTech from the incumbent RF suppliers is that its low-noise amplifiers are already benchmarked against the best available across commercial, defense, satellite and quantum-computing applications, and its Band 50 Open RAN radios released in late 2025 give it a domestic footprint in the exact product category the United States needs to onshore for national-security reasons. Every incremental Open RAN deployment in North America, every RAN diversification mandate at a Tier 1 carrier, and every Department of Defense private 5G award is a first-order revenue event for AMPG.
Skyworks (NASDAQ: SWKS) and Qorvo (NASDAQ: QRVO)
Skyworks and Qorvo, subject to the pending $22 billion merger nearing regulatory approval, together control the majority of the American RF front-end market for both mobile devices and network infrastructure. The combined entity would be the dominant Western supplier of power amplifiers, filters and switches for 5G radios, sub-6 GHz massive MIMO, and millimeter-wave modules.
Qualcomm (NASDAQ: QCOM)
Qualcomm remains the American semiconductor leader in 5G modem and RF front-end platforms, and holds the deepest 5G patent portfolio outside of Huawei. A 5G-Advanced cycle expands the addressable market for Snapdragon platforms into industrial IoT, automotive and edge AI.
Corning (NYSE: GLW) and Ciena (NYSE: CIEN)
Corning is the picks-and-shovels leader of the fiber build. Second-quarter 2026 core sales were $4.74 billion, up 17 percent year over year, with optical communications the fastest-growing segment on AI data center and 5G backhaul demand. Ciena is the optical networking leader for xHaul. Fiscal third-quarter 2026 was a record quarter, with backlog expanding to $8.5 billion driven by AI-related network investment.
Tower REITs: AMT, CCI, SBAC
American Tower, Crown Castle and SBA Communications own the American cell tower footprint. Second-quarter 2026 revenue was $2.75 billion for AMT, $1.01 billion for CCI and $715 million for SBAC, overwhelmingly from site leasing. A national densification cycle that adds 300,000 to 500,000 new cell sites and small-cell nodes translates directly into amendment revenue with structurally high incremental margins.
RAN vendors and Open RAN
Ericsson holds the number-one position outside of China with an approximately $14 billion Open RAN deal with AT&T that anchors a multi-year revenue backlog. Nokia and Samsung are the other two dominant Western suppliers. Together with Ericsson, five vendors control 96 percent of the global RAN market. Mavenir, currently private, is the largest American Open RAN software and radio vendor, already carrying more than 240 million US subscribers via DISH Wireless and supplying AT&T Open RAN radios.
In-building and small cell
CommScope (NASDAQ: COMM) leads DAS and small cells, with Open RAN support across the ERA DAS and OneCell portfolios. Airspan, having acquired Corning's DAS and small cell business, joins CommScope as one of the few remaining Western suppliers of the site-dense equipment mid-band and millimeter-wave 5G requires.
Data center networking and satellite
Marvell Technology (NASDAQ: MRVL), Arista Networks (NYSE: ANET), Cisco (NASDAQ: CSCO) and Juniper (NYSE: JNPR) sell into the converged 5G-plus-AI transport layer. AST SpaceMobile (NASDAQ: ASTS) is the pure-play publicly traded satellite direct-to-cell operator with AT&T and Verizon. Iridium (NASDAQ: IRDM) holds the L-band spectrum and satellite footprint for hardened IoT and government communications. SpaceX, private but the operator of the largest LEO constellation, remains the dominant player.
Component suppliers see three-digit percentage growth off a modest base when a single major carrier award lands. Tower operators see amendment revenue at ninety percent incremental margins. If the acceleration case is right, the revenue impact on this ecosystem is not the mid-single-digit growth analysts currently model.
For investors and executives thinking about the equity market implications, the correct question is not whether the buildout will happen at some pace, but whether the pace will accelerate. If it does, the companies in this section experience revenue years the market is not currently pricing.
09. The National Argument: Eisenhower's Question, Answered Again
In 1956, President Eisenhower signed the Federal Aid Highway Act and set in motion the largest public works project in American history. The 5G network under construction today is the digital equivalent of that argument.
Forty-one thousand miles of interstate were built not because Americans needed a faster way to drive to Cleveland, but because a continental economy without continental infrastructure could not defend itself, move its industry, or project its power. The interstates paid for themselves many times over. They also secured seven decades of American industrial dominance.
The 5G network under construction today is the road on which every AI-native industry of the next twenty years will operate. If the network is complete, dense, fast and continental, the United States retains its capacity to lead in the technologies that will define the century. If it is not, the AI capex now flowing into American soil will underperform its potential and the productivity gains will accrue disproportionately to the countries that finish their networks first.
The China gap is not a reason for despair. It is a call to strategic clarity. China deployed volume first and is now managing a network at the limit of its power grid and its capital allocation. The United States has the opportunity to deploy quality second, at higher spectral efficiency, integrated with the world's leading AI infrastructure, spanning the largest available geographic footprint in the developed world. That opportunity has a closing window.
The most important thing the country can do first is stop lying to itself about what 5G it has. Two percent millimeter-wave availability is not a completed network. Thirty-two percent Standalone is not a completed network. Zero cities with 5G-Advanced against China's 330 is not a completed network. Ninety-five percent at 35 by 3 Mbps is a marketing line. Once the country accepts that the 5G buildout is roughly one-third done and roughly one full generation behind, the response becomes obvious. Restore the spectrum pipeline. Reform the permitting. Co-invest with the AI capex. Rebuild the RAN industrial base. Deploy 5G-Advanced in the metros and along the corridors. Integrate the satellite layer as a national asset rather than a competitor.
Build it, build it everywhere, build it now, and let the compounding advantages of the largest, fastest, most geographically distributed AI-connected economy in history do the rest.
The country that connects every acre of its territory to the fastest compute infrastructure ever assembled will lead the AI century. The United States is closer to that outcome than any peer economy, but it is not on a trajectory to achieve it under current policy and current capital allocation. This is a solvable problem. It is not, on current course, being solved.
The next four years determine whether the American AI economy runs on a network worthy of it. Finishing this build is not an industrial policy question. It is a national capability question. It is the same question Eisenhower answered in 1956, and the answer is the same. The alternative is to watch a competitor country do it first and to spend the next fifty years importing the productivity that should have been American.
Important Disclosures
Ownership and trading. The authors, their affiliated entities, family members and clients own, or may own, long or short positions in one or more of the securities mentioned in this article, including but not limited to AmpliTech Group (NASDAQ: AMPG, AMPGZ), Skyworks Solutions (NASDAQ: SWKS), Qorvo (NASDAQ: QRVO), Qualcomm (NASDAQ: QCOM), Corning (NYSE: GLW), Ciena (NYSE: CIEN), American Tower (NYSE: AMT), Crown Castle (NYSE: CCI), SBA Communications (NASDAQ: SBAC), CommScope (NASDAQ: COMM), Marvell Technology (NASDAQ: MRVL), Arista Networks (NYSE: ANET), Cisco (NASDAQ: CSCO), Juniper Networks (NYSE: JNPR), AST SpaceMobile (NASDAQ: ASTS), Iridium Communications (NASDAQ: IRDM), and other companies referenced herein. The authors and their affiliates may buy, sell, hold or otherwise transact in any of these securities at any time, before or after publication, without notice. Positions may change at any time.
Not investment advice. This article is provided solely for informational and educational purposes. Nothing contained in this article constitutes, or should be construed as, investment advice, a recommendation, an offer to sell, or a solicitation of an offer to buy any security or financial instrument. The authors are not acting as your investment adviser or fiduciary. Any investment decision you make is solely your own responsibility, and you should consult a licensed financial, tax and legal professional before making any investment.
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