This Tech Stock Could Turn $1,000 Into $16,000
One of the most important tech companies in the world is semiconductor (chip) producer Taiwan Semiconductor Manufacturing (NYSE: TSM), or TSMC. It's the world's largest semiconductor foundry and one of the most valuable companies, with a market cap of over $1.7 trillion as of market open on Jan. 21.
If TSMC's stock price momentum were to continue, it could be a stock that turns $1,000 into $16,000. It won't happen overnight or in the next year -- or even in a few years -- but it's very much within reach for long-term investors who have patience.
Image source: TSMC.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
€307.50
0.160%
With 27 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 311 € shows a slightly positive potential of 1.14% compared to the current price of 307.5 € for Taiwan Semiconductor Manufacturing Co. Ltd. ADR.
