Prediction: TSMC Stock Will Jump 3x by 2030
Taiwan Semiconductor Manufacturing (NYSE: TSM) has become a multibagger over the past three years, clocking impressive gains of almost 379% as of this writing.
The foundry specialist's remarkable rally during this period has been fueled by the rapidly growing demand for artificial intelligence (AI) chips and advanced processors used across multiple applications. TSMC's factories produce advanced chips based on small process nodes, which are both power-efficient and capable of delivering solid performance.
Not surprisingly, the leading fabless chipmakers and consumer electronic companies turn to TSMC for their chip manufacturing. This gives the company access to multiple growth opportunities across the personal computer (PC), smartphone, data center, automotive, industrial, gaming console, and other end markets.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
The stock is one of the favorites of our community with 27 Buy predictions and 2 Sell predictions.
With a target price of 382 € there is a slightly positive potential of 4.51% for Taiwan Semiconductor Manufacturing Co. Ltd. ADR compared to the current price of 365.5 €.
