1 Unstoppable Stock That Could Join Microsoft, Apple, Nvidia, Alphabet, Amazon, and Meta in the $1 Trillion Club
The paradigm shift brought about by artificial intelligence (AI) is changing the face of the technology landscape. If you're looking for evidence of this trend, nowhere is it more apparent than the list of the world's largest companies when measured by market cap.
Microsoft, at the forefront of AI-powered assistants, boasts a market cap of $3.37 trillion, ahead of the previous champ. Apple, at $3.27 trillion, has dabbled in AI for more than a decade and recently announced sweeping AI updates for many of its devices. Nvidia has been the poster child of AI chipmakers and the third company to sport a market cap of more than $3 trillion. The leaders are followed closely by Alphabet, Amazon, and Meta Platforms -- all leaders in generative AI -- with market caps of between $1.31 trillion and $2.29 trillion.
With a market cap of roughly $891 billion (as of this writing), Taiwan Semiconductor Manufacturing (NYSE: TSM), often referred to as TSMC, is on track to join this elite group of businesses, probably sooner than later. The adoption of AI continues to gain ground, buoying demand for chips used in the process. As the world's largest semiconductor foundry, TSMC seems destined to join this exclusive fraternity.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
With 24 Buy predictions and not a single Sell prediction Taiwan Semiconductor Manufacturing Co. Ltd. ADR is an absolute favorite of our community.
As a result the target price of 173 € shows a slightly positive potential of 13.07% compared to the current price of 153.0 € for Taiwan Semiconductor Manufacturing Co. Ltd. ADR.
