Digital Infrastructure Stocks
From distributed workforces, cloud computing, and e-commerce to remote education, fitness, entertainment, and medicine, connectivity has never been more critical. The digital transformation represents a significant economic opportunity. Some companies can benefit as providers of the infrastructure that facilitates connectivity. Others profit by selling hardware or services related to next-generation (5G) communications. This list targets the stocks of companies well positioned to benefit from innovations in Next-Gen Connectivity (5G) and Infrastructure as a Service (IaaS) based on forward-looking assessments from Morningstar’s equity research team.
|
Name
|
Sector
|
Morningstar Rating for Stocks
|
Fair Value
|
Economic Moat
|
Market Cap
| |
|---|---|---|---|---|---|---|
| Akamai Technologies Inc
AKAM
| Technology | LOCK|V! | LOCK|&J | $13B | ||
| American Tower Corp
AMT
| Real Estate | LOCK|%@ | LOCK|$ccp | $88B | ||
| Arista Networks Inc
ANET
| Technology | hF? | LOCK|## | $217B | ||
| Belden Inc
BDC
| Technology | LOCK|r.@fq^K! | LOCK|w?k^Q | $4B | ||
| Broadcom Inc
AVGO
| Technology | LOCK|SG | LOCK|&s? | $2T | ||
| Ciena Corp
CIEN
| Technology | LOCK|w% | LOCK|pJpx | $45B | ||
| Cloudflare Inc
NET
| Technology | LOCK|X? | LOCK|?& | $116B | ||
| Crown Castle Inc
CCI
| Real Estate | $k^ | LOCK|d!kd | $37B | ||
| Datadog Inc Class A
DDOG
| Technology | FH# | LOCK|HW | $97B | ||
| Diodes Inc
DIOD
| Technology | LOCK|^.C$Q^rH< | LOCK|?@hjz | $4B | ||
| Dynatrace Inc Ordinary Shares
DT
| Technology | Qd | LOCK|TrV#Z | $19B | ||
| Elastic NV
ESTC
| Technology | LOCK|.<rNDl<& | LOCK|#^ | $11B | ||
| Everpure Inc Class A
P
| Technology | LOCK|N.H&h!K>kh | LOCK|$k | $41B | ||
| Intel Corp
INTC
| Technology | LOCK|KZ | LOCK|ft | $460B | ||
| Lumentum Holdings Inc
LITE
| Technology | %$! | LOCK|tHBg | $68B | ||
| MACOM Technology Solutions Holdings Inc
MTSI
| Technology | LOCK|#.@s%H!s@k | LOCK|hCJ | $18B | ||
| Micron Technology Inc
MU
| Technology | LOCK|&! | LOCK|>?< | $993B | ||
| Nutanix Inc Class A
NTNX
| Technology | LOCK|.$txd<@d | LOCK|t<$s | $19B | ||
| NVIDIA Corp
NVDA
| Technology | t%# | LOCK|bhY | $5T | ||
| Qualcomm Inc
QCOM
| Technology | z!r | LOCK|?tLZ | $188B | ||
| SBA Communications Corp Class A
SBAC
| Real Estate | LOCK|^t | LOCK|zykR | $20B | ||
| Seagate Technology Holdings PLC
STX
| Technology | LOCK|r% | LOCK|#? | $143B | ||
| SiTime Corp Ordinary Shares
SITM
| Technology | LOCK|?.V#l!g%?P | LOCK|N@zCg | $14B | ||
| Skyworks Solutions Inc
SWKS
| Technology | Z!L | LOCK|hpM | $20B | ||
| Teradata Corp
TDC
| Technology | LOCK|.z^>>py< | LOCK|@B> | $3B |