5 5G Stocks to Buy for 2022

4. General Motors Company (NYSE:GM)

Number of Hedge Fund Holders: 86

General Motors Company (NYSE:GM) makes and sells automobiles. The company has plans in place to integrate 5G capable chips into the cars it sells by 2023. The 5G chips will greatly enhance autonomous driving functions on vehicles. 

General Motors Company (NYSE:GM) recently released a trailer video featuring the all-electric GMC Sierra Denali. The official event for the car is expected in 2022 and production is likely to begin in 2023 as General Motors joins other auto firms in the pivot to EV. 

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Harris Associates is a leading shareholder in General Motors Company (NYSE:GM) with 34 million shares worth more than $2 billion. 

Junto Investments, in its Q4 2020 investor letter, mentioned General Motors Company (NYSE:GM). Here is what the fund has to say about General Motors Company in its letter:

“General Motors was the biggest gainer. We managed to buy it at a screamingly cheap price in the middle of March. A lot of interesting news has emerged about GM recently, including the new electric product delivery system BrightDrop and GM Cruise’s team-up with Microsoft Azure to commercialize self-driving cars in 2021. GM’s intrinsic value is crystallizing and the company is worth a whole lot more than is still reflected in the market.”