Earlier this summer, President Biden announced that his administration would spend $42 billion through the Broadband Equity Access and Deployment (BEAD) program to ensure that “every person in America” had internet access by 2030. And, of course, there are some obvious stocks that will benefit from the broadband plan.
Today, I want to get creative with some not-so-obvious stocks to benefit from Biden’s broadband plan. They won’t necessarily be internet providers or cable companies, but rather some infrastructure stocks that help the internet work properly ranging from data centers to fiber optic cable manufacturers.
As a result, the names I suggest here might be something other than household names. However, I can assure you of two things: they will benefit from Biden’s push and they will already be profitable businesses.
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