5 5G Stocks to Buy for 2022

2. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 156 

Alphabet Inc. (NASDAQ:GOOG) is a diversified technology company. On December 15, the company announced that it would be partnering with Verizon on 5G mobile edge computing for developers and enterprises. 

Alphabet Inc. (NASDAQ:GOOG) has ramped up investments in the 5G space, most notably in the cloud market. The company plans to sell high-speed cloud infrastructure services to clients. It has also partnered with 5G provider Ericsson in this regard. 

Among the hedge funds being tracked by Insider Monkey, London-based investment firm TCI Fund Management is a leading shareholder in Alphabet Inc. (NASDAQ:GOOG) with 2.9 million shares worth more than $7.8 billion. 

In its Q1 2021 investor letter, Artisan Partners, an asset management firm, highlighted a few stocks and Alphabet Inc. (NASDAQ:GOOG) was one of them. Here is what the fund said:

“Large-cap tech companies have been resilient through the pandemic—Alphabet among them. A top contributor, Alphabet’s Play Store and Google Cloud are in demand as businesses accelerate online activity which, along with strong YouTube user growth, is helping stabilize temporarily weaker search ad revenue trends. Through the lens of our disciplined bottom-up research process, we view Alphabet as one of the best businesses in the world, capable of expanding revenues at a rapid rate for years to come, with a bullet proof balance sheet and an average asking price. It’s a name we’ve owned since 2012 and for which we continue to have high hopes regarding future prospects.”