Will Taiwan Semiconductor Be a Trillion-Dollar Stock by 2030?
Six tech stocks are worth at least $1 trillion today, in terms of market capitalization. All six are members of the "Magnificent Seven" group of game-changing market darlings that drove the stock market's gains in 2023. There are other ways to measure market footprints, of course -- sorted by assets on the balance sheet, you'd get a very different list of six mega-banks and an insurance-based conglomerate instead.
Chip-making giant Taiwan Semiconductor Manufacturing (NYSE: TSM) is nowhere near the assets-based club of trillion-dollar companies -- but it falls just short of the trillion-dollar benchmark with a $718 billion market cap.
Is Taiwan Semi (also known as TSMC) joining the trillion-dollar elite order anytime soon? Let's see what it would take if I set the goal line at the year 2030.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
With 43 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 185 € shows a positive potential of 21.39% compared to the current price of 152.4 € for Taiwan Semiconductor Manufacturing Co. Ltd. ADR.
