Chris Moshy | Source | Senior Vice President, Long-Short Equity Research at Bailard

Similarly, campus and factory 5G networks will elevate inventory management, fulfillment, and logistical AI systems by scaling and operating autonomously, driving efficiencies in e-commerce, distribution, and customer service. As these new capabilities ramp-up so will the supply chain supporting their growth.

As devices become more powerful, their processing and componentry become more complex. The largest near-term 5G capital investment opportunity is in factory and industrial automation. 5G networks in industrial complexes will control thousands, if not millions, of machine automations managed by artificial intelligence (AI) applications running on data centers miles away.

The investment opportunity is in the supply chain, which provides the specialized technology and components necessary to build the network infrastructure, manufacture the connected devices, and offer next-generation services.