New U.S. Government Initiative a Windfall for American 5G Tech Stocks

Next-generation technologies like 5G will revolutionize the way we communicate and live. For now, the undisputed leader in 5G technology is China’s Huawei Technologies Co., Ltd. It’s a company that many governments believe will use its technologies to spy on people for the Chinese government. No so fast, said White House economic advisor Larry Kudlow. The White House has said it is working with certain U.S. tech companies to develop advanced software that will curb or even eliminate Huawei’s international domination of the 5G sector.