Where Will TSMC Stock Be in 3 Years?
Taiwan Semiconductor Manufacturing (NYSE: TSM) is arguably one of the biggest beneficiaries of global infrastructure construction for artificial intelligence (AI). Companies are under pressure to create high-performance chips to design, train, and run AI applications.
The stock of TSMC (as the company is also known) is trading up 170% in the last five years, and the company projects that its revenue will have a compound annual growth rate (CAGR) of 25% through 2029. And that's probably a conservative number when you consider that the AI market size is projected to have a CAGR of 30.6% through 2033, growing to roughly $3.5 trillion.
If TSMC can hit even its own projections, I predict the company will push its market capitalization to nearly $3 trillion before 2030. Here's how it should get there.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
The stock is an absolute favorite of our community with 26 Buy predictions and no Sell predictions.
With a current price of 306.5 € Taiwan Semiconductor Manufacturing Co. Ltd. ADR is right around the predicted target price of 308 €.
