© Reuters. Itron vs. Impinj: Which Internet of Things Stock is a Better Buy?
The Internet of Things (IoT) is a next generation technology that is expected to encompass much of our lives as all devices will be connected. This is why IoT stocks have been hugely popular. Itron (NASDAQ:) and Impinj (PI) are two such stocks, but which is a better buy right now? Read more to find out.The Internet of Things (IoT) is the wave of the future. It won’t be long until the majority of the devices people and businesses use are connected to the internet.
IDC, a tech analysis firm, predicts more than 41 billion IoT devices will be connected to the web within the next four years. From smart home devices to wearable devices, smart automotive equipment, and web-connected solutions for businesses in the industrial space, IoT will soon play a role in nearly every aspect of life and business.
Let’s shift our focus to pinpointing the best IoT stocks. Sort through the publicly traded companies in this industry, and you will find plenty of appealing prospects. Below, I provide a look at two popular IoT stocks: Itron (ITRI) and Impinj (PI).