3 Top Stocks That Could Triple in Price Once Again

Semiconductor demand is set to take off thanks to the growing application of chips across a wide range of verticals, including automotive, industrial, technology, healthcare, and other sectors. According to a third-party estimate, the global semiconductor market's revenue could hit $803 billion by 2028 compared to an estimated $452 billion this year, clocking a compound annual growth rate of 8.6%. For comparison, the global semiconductor market was touted to grow at just 2.9% a year between 2015 and 2020.

The improving prospects of the semiconductor market bode well for the likes of Analog Devices (NASDAQ: ADI), Synaptics (NASDAQ: SYNA), and Broadcom (NASDAQ: AVGO) -- three stocks that have tripled in price the past five years.