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
With 28 Buy predictions and 1 Sell predictions Taiwan Semiconductor Manufacturing Co. Ltd. ADR is one of the favorites of our community.
However, we have a potential of -5.44% for Taiwan Semiconductor Manufacturing Co. Ltd. ADR as the target price of 304 € is below the current price of 321.5 €.
