Prediction: 2 Top AI Growth Stocks That Will Be Worth More Than $1 Trillion by 2030
Today, only five companies have market capitalizations above the $1 trillion market -- Apple, Microsoft, Saudi Aramco, Alphabet, and Amazon. But the rise of artificial intelligence (AI) technologies is on track to open doors that allow new members to join this exclusive club. If you're looking for worthwhile investment opportunities in mega-cap companies with promising AI opportunities, read on to see why Taiwan Semiconductor Manufacturing (NYSE: TSM) and Meta Platforms (NASDAQ: META) both have strong odds of crossing the $1 trillion-valuation threshold by 2030.
Keith Noonan: Taiwan Semiconductor Manufacturing, also known as "TSMC," is a pure-play chip fabrication business. The company has built its specialized empire on top-tier fab capabilities, dependability, and trustworthiness -- and it will likely remain the preferred manufacturing partner for most high-end semiconductor designers for many years to come.
Based on recent estimates, TSMC was capturing approximately 58.5% of the global contract semiconductor fabrication market at the beginning of 2023. When it comes to the kind of high-performance chips that are used for artificial intelligence, intensive cloud computing, and graphics processing, its share is even more impressive, coming in at more than 90% of the global market.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
With 25 Buy predictions and 1 Sell predictions Taiwan Semiconductor Manufacturing Co. Ltd. ADR is one of the favorites of our community.
As a result the target price of 173 € shows a slightly positive potential of 12.05% compared to the current price of 154.4 € for Taiwan Semiconductor Manufacturing Co. Ltd. ADR.
