2 Top 5G Stocks You Should Be Buying Right Now @themotleyfool #stocks $NVDA $CIEN

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The deployment of 5G networks is still in the early phases, and a lot of money remains to be spent on the latest wireless technology as telecom carriers roll it out to more markets across the world. Not surprisingly, 5G infrastructure investments are expected to jump from $9.8 billion last year to $58 billion by 2026, clocking a compound annual growth rate of 29%, according to third-party estimates.
Ciena (NYSE:CIEN) and NVIDIA (NASDAQ:NVDA) are two ways investors can take advantage of that massive spurt in infrastructure spending. Both companies provide technologies that are critical to the efficient functioning of 5G networks. Let’s see why these two could turn out to be top 5G stocks in the long run.

Image source: Getty Images.

1. Ciena can benefit from the backbone of 5G networks
Setting up 5G networks requires the deployment of optical fiber networks to support the massive increase in bandwidth, reduce latency, and reduce power consumption. Telecom operators reportedly spent over $144 billion to upgrade the legacy mobile backhaul network infrastructure to optical fiber between 2014 and 2019, as they made the shift to 4G.
Optical fiber networks are a necessity for 5G networks because they can offer unlimited bandwidth. Theoretically, 5G networks can support speeds …

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