4 stocks to buy for the Internet of Things (IoT) revolution By StockNews
© Reuters. 4 stocks to buy for the Internet of Things (IoT) revolution
The Internet of Things (IoT) is gaining ground as part of the global digital transformation. With favorable government policies and groundbreaking technical advancements, we believe IoT companies Cisco Systems (NASDAQ :), Emerson Electric (NYSE :), NXP semiconductors (NASDAQ :), and CTP Inc. (NASDAQ 🙂 is expected to experience substantial growth over the next few months. Let’s talk. The Internet of Things (IoT) is a key driver of the Fourth Industrial Revolution, with significant advancements in machine learning (ML) and artificial intelligence (AI). The IoT has broad implications for industries, devices, analytics, and data processing. As a result, the IoT market is expected to grow at a CAGR of 25.4% to reach $ 1,854.76 billion by 2028.
The global semiconductor shortage is a major obstacle to the growth of the IoT industry. However, a $ 250 billion bipartisan manufacturing and technology bill to boost chip production is expected to remove these barriers.
As a result, popular IoT-centric stocks Cisco Systems, Inc. (CSCO), Emerson Electric Co. (EMR), NXP Semiconductors NV (NXPI), and PTC Inc. (PTC) are expected to rise significantly over the coming months.
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