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MARKETS LIVE BLOG:

STOCKS SLIDE AFTER META'S REALITY CHECK, WITH GDP ON DECK

Owner of Facebook and Instagram plans to spend up to US$10B on AI infrastructure investments

This $10 Stock Could Become the Next Hot 5G Play

Harsh Chauhan, The Motley Fool
·3 min read
This $10 Stock Could Become the Next Hot 5G Play

Sierra Wireless (NASDAQ: SWIR) is a pure-play Internet of Things (IoT) company that has been trying to pivot its business from a hardware-focused model to a software- and services-focused one. While that shift is showing promising signs in the form of higher margins and recurring revenue growth, the company is also targeting the nascent 5G wireless market to accelerate its turnaround. The IoT specialist has taken the plunge into 5G with a new set of products, and management says that more are on the way.

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