Is Iridium Communications (IRDM) the Best Telecom Stock to Buy According to Hedge Funds?

The planetary telecom services marketplace is estimated astatine $1.98 trillion arsenic of 2024, according to Grand View Research. It is projected to turn astatine a CAGR of 6.5% from 2025 to 2030. This enlargement is driven by the expanding expenditures connected 5G infrastructure deployment, which is fueled by a displacement successful lawsuit penchant towards next-generation technologies and smartphone devices. Additionally, the rising fig of mobile subscribers, the soaring request for high-speed information connectivity, and the increasing request for value-added managed services are cardinal factors that lend to this marketplace growth.

Initially a inclination successful 2019, 5G has solidified its presumption arsenic a captious operator of the concern economy. The Future of Commerce reported that the planetary 5G connections are projected to surge from 1.76 cardinal successful 2023 to 7.9 cardinal by 2028. This indicates that 5G volition represent implicit fractional of each connections, arsenic per reports from 5G Americas and Omdia. This enlargement is driven by investments from authorities and telecom companies, arsenic good arsenic the request for faster net speeds, little latency, and improved artillery life. While 5G deployment continues, 6G is emerging and promises ultra-high information speeds via terahertz spectrum bands, debased latency, and AI integration. It aims to revolutionize connection done applications similar astute grids and immersive XR experiences. However, challenges similar vigor ratio and liable AI integration remain. Telecom companies basal to seizure a $100 cardinal accidental wrong the 5G economy.

AI is profoundly ingrained successful the telecom assemblage arsenic well. It evolved from basal echo cancellation successful the 1950s to blase algorithms for web absorption and nonaccomplishment prediction. In 2025, AI’s relation volition intensify, with planetary telco investments projected to emergence from $3.34 cardinal successful 2024 to $58.7 cardinal by 2032. AI is important successful web topology improvements. It facilitates self-healing networks, automated transitions, and AR applications. It volition thrust 6G’s improvement towards connected quality and heighten predictive maintenance, responsibility detection, security, and lawsuit experiences done predictive and cognitive AI.

We utilized the Finviz banal screener to compile an archetypal database of apical telecom stocks. We past selected the 13 stocks that were the astir fashionable among elite hedge funds and that analysts were bullish on. The stocks are ranked successful ascending bid of the fig of hedge funds that person stakes successful them, arsenic of Q4 2024. The hedge money information was sourced from Insider Monkey’s database which tracks the moves of implicit 900 elite wealth managers.