President Biden’s plan to invest $100 billion in broadband upgrades, especially in rural areas, can’t get here fast enough. I know firsthand just how badly needed it is.
Day-to-day, I’m used to having blazing fast Web speeds at my home office near Silicon Valley. I Even tap into that to make and receive cell calls.
But this last winter while skiing up at Heavenly Valley, I rarely had cell or web connections. Much of the mountain lies in a dead zone.
Sure, there may be Wi-Fi at the mountain lodges, but it is weak and painfully slow.
The thing is, though, for me, it was a temporary inconvenience. It’s everyday reality, though, for millions of Americans who are stuck with snail-like speed – if they can get service at all.
That’s why the president’s program is designed to have those folks join the broadband Web revolution, where e-commerce alone is worth $9 trillion.
I’ve identified an earnings powerhouse that makes some of the best Wi-Fi gear around. Not only that, it’s doubling its earnings every two years.
Let me show you just what I mean…
Starting this year, nearly every smartphone, tablet and laptop will need chips that comply with the new ultrafast cellular platform, 5G wireless.
And I’m happy to report that, right on schedule we have a new catalyst. And it’s a big one.
As a group, US wireless carriers just spent a record $80.9 billion for access to a critical 5G wavelength. These wavelengths that were up for grabs in this auction are the exact right kind for setting up 5G service
To make it clear just how much these companies are willing to spend for a chance to be a part of this buildout, it’s worth pointing out that the previous record for this kind of auction was only a bit more than half of this sale.
Not only that, but the amount of money spent on this spectrum is as much as four times the amount that was projected to be spent on it last summer.
These companies are so eager to spend big bucks for access to this spectrum because they foresee the massive profits to be made in 5G wireless.
And one way that 5G will create these profits will be by serving as a huge catalyst for semiconductor sales this year.
Today, I want to reveal a high-octane chip leader set up to score huge 5G wins and could double its earnings in 2.5 years…
At times like these, I like to remind investors about my friend “Pete.”
I last told you about him and the colossal mistake he made in our Dec. 15 chat.
You may recall that the former Wall Streeter actually passed on Apple Inc. (AAPL) in the summer of 1997 because he felt the storied computing firm had already seen its best days.
Of course, we now know that Apple is one of the great investing success stories of all time.
I’m bringing this up today because I see a similar mindset taking hold among investors. After a rapid selloff in February and March, the market has been rebounding nicely.
And yet, many are afraid to pull the trigger, even on a company as valuable and built for the long haul as Apple.
But at the very least, the Silicon Valley legend should be on your bear market watchlist because the stock is set to double again from here…