Will Taiwan Semiconductor Manufacturing Be a Trillion-Dollar Stock by 2025?
Semiconductor stocks have been roaring higher over the past year as demand for artificial intelligence (AI) chips has surged, which is evident from the 57% gains clocked by the PHLX Semiconductor Sector index during the period. Foundry giant Taiwan Semiconductor Manufacturing (NYSE: TSM), popularly known as TSMC, has also benefited, clocking gains of 71% over the past 12 months.
This healthy surge in TSMC stock has brought the company's market cap to $910 billion, making it the eighth-largest company in the world. Moreover, it won't be surprising to see TSMC stock entering the trillion-dollar market cap club soon, as it is just 10% or so away from that milestone. Could it happen next year -- or even sooner?
TSMC had a forgettable 2023 as weak smartphone and personal computer (PC) sales created poor demand for semiconductors. Its revenues declined by 9% to $69.3 billion while adjusted earnings dropped 21% to $5.18 per share.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
The stock is one of the favorites of our community with 25 Buy predictions and 1 Sell predictions.
With a target price of 173 € there is a slightly positive potential of 11.33% for Taiwan Semiconductor Manufacturing Co. Ltd. ADR compared to the current price of 155.4 €.
