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Been looking at the 5G IoT space lately and honestly the growth projections are wild. We're talking potentially hitting over $800 billion by 2032 from basically nothing a few years ago. The whole connected devices thing is finally becoming real with better latency and speed.
So I'm eyeing a few cheap 5G stocks that could ride this wave. Verizon's been interesting - they've got deals locked in with companies like Sony for connected vehicles launching soon. Still collecting a solid dividend yield while we wait for the real moves. AT&T's another play, especially with their 5G RedCap focus on wearables and IoT devices. Some analysts just upgraded them too which is a good sign.
If you want broader exposure without picking individual stocks, there's that Global X Internet of Things ETF holding like 50+ companies in the space. Includes names like Qualcomm and Garmin that are already positioned for this shift.
The 5G IoT market is still early enough that cheap entry points on solid companies could pay off. Not saying it's guaranteed but the tailwinds seem legit. Anyone else looking at these plays or am I late to this?