President Biden’s plan to invest $100 billion in broadband upgrades, especially in rural areas, can’t get here fast enough. I know firsthand just how badly needed it is.

Day-to-day, I’m used to having blazing fast Web speeds at my home office near Silicon Valley. I Even tap into that to make and receive cell calls.

But this last winter while skiing up at Heavenly Valley, I rarely had cell or web connections. Much of the mountain lies in a dead zone.

Sure, there may be Wi-Fi at the mountain lodges, but it is weak and painfully slow.

Image Source: Unsplash

The thing is, though, for me, it was a temporary inconvenience. It’s everyday reality, though, for millions of Americans who are stuck with snail-like speed – if they can get service at all.

That’s why the president’s program is designed to have those folks join the broadband Web revolution, where e-commerce alone is worth $9 trillion.

I’ve identified an earnings powerhouse that makes some of the best Wi-Fi gear around. Not only that, it’s doubling its earnings every two years.

Let me show you just what I mean…

The Drive for Infrastructure

Now then, if Congress approves President Biden’s plan, it would mean spending $12.5 billion annually over the next eight years.

And that’s on top of a $20 billion FCC program adopted in January 2020 known as the Rural Digital Opportunity Fund.

See, as we have noted here for years now, the online world now rules how we live, work, communicate and shop. So, folks without that access are living in yesteryear.

Meaning they are missing out not just on telecommunications but in online commerce, either as buyers or sellers.

Grand View Research says global e-commerce was worth roughly $9.1 trillion in 2019. Growing at 14.7% a year, it will be worth roughly $20 trillion by 2027.

And I’ve identified a Web-focused firm that provides state-of-art Wi-Fi access, Ubiquity Inc. (UI).

The firm was founded in 2005 by a former Apple Inc. (AAPL) wireless engineer with $30,000 in Apple stock options and some credit card debt

Ubiquity now ranks as one of the single best ways to invest in the global growth of what is becoming ubiquitous broadband wireless Web access through WiFi and cellular communications.

Over the years, the firm has shipped nearly 85 million devices to support the networking infrastructure in more than 200 countries. Then again, it offers a range of products for homes, large organizations, and wireless data and voice carriers.

Ubiquity recently moved into software and critical gear used for high-speed cellular communications just as lightning-fast 5G networks started taking hold.

Upgrading all the infrastructure necessary to implement 5G will mean roughly about $1.4 trillion in capital spending. In other words, Ubiquity has the right series of products to ensure it captures plenty of growth ahead.

But they’re not the only one. In fact, I know of no less than 20 companies that have already seen double-digit growth, and that I expect to see go even further with 5G wireless.

The Sixth Generation

Now, today, another huge catalyst is about to propel the firm’s growth even higher. I’m talking about Wi-Fi 6, or the sixth generation of Wi-Fi.

Now, WiFi 6 isn’t just about speeding things up. Sure, the maximum data transfer speed goes up by a lot.

But few homes today can even reach the maximum speeds of Wi-Fi 5, which was released back in 2014. The reason for that is wireless congestion.

See, according to online tech magazine The Verge, the average house had five wireless devices back when Wi-Fi 5 launched. Today, that number is nine. Over the next several years, that number is projected to hit 50.

And that’s not even counting your neighbors’ devices, which can cause congestion for your home Wi-Fi even though they’re not connected.

My own Ubiquity app, for example, tells me I have 19 devices on my home network.

So Wi-Fi 6 was built specifically to deal with congestion. It allows routers to manage more devices on a network at faster speeds and fixes the fact that routers traditionally only manage one networked device at a time.

The goal is to build a more robust Wi-Fi network so each device can operate with as much speed as possible.

Going Online

The most direct way to access this new standard is to buy routers and equipment that can work with the new standard. That adoption has already begun among consumers as well as businesses.

Apple’s iPhone 12 line, for example, all support Wi-Fi 6 already. But that won’t do anything unless the router the phones are connected to is upgraded as well.

Ubiquiti is already on board and has a new Wi-Fi router out for home and small business use – the AmpliFi Alien. It has 5 LAN (local area network) ports if you want to run separate ethernet channels for a home office, family use, and kid use, for example.

It ‘s also easy on the eyes. It packs high functionality into an understated package and is pretty price competitive for early adopter technology.

And beyond its elegantly simple design, it ‘s also built to be easy to deploy using the ‘ 1 minute setup ‘ app that comes with the router.

Now, Ubiquity’s stock is currently out of favor. But that’s a good thing, as it gives us a great buying opportunity.

In the most recent quarter, the firm grew per-share profits by 43%, even better than its already impressive three-year average of 33%.

But let’s be conservative and use the long-term growth rate. In that case, Ubiquity’s earnings will double in just a tad more than two years.

So, UI won’t just give you better broadband speeds, it will also accelerate the growth of your financial net worth.