Investors should fall back on their favorite long-term themes in a confusing market. The 5G buildout is one of the best, Jim Cramer says.
CNBC's Jim Cramer suggested Friday that investors add three more 5G plays to their basket of stocks, given the current state of the market.
A slew of other phone and technology companies will spend billions of dollars in coming years on the 5G buildout that is expected to offer faster download speeds and cellular connections that match that of Wi-Fi, he noted. Even after a week of extreme market volatility, stocks that have multi-year growth themes are names worth gobbling up, he added.
VMWare provides a way for networking slicing, where multiple virtual networks can be run on the same 5G hardware, Cramer pointed out. Additionally, the company has become the"quintessential infrastructure" for the 4G-to-5G transition landing deals with Vodafone, AT&T, and Ericsson, COO Sanjay Poonen told Cramer in a recent interview.
The company still has more headwinds to address, particularly in China, but 5G has given Silicon Labs a new outlook on the future.
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