Will Taiwan Semiconductor Be a Trillion-Dollar Stock by 2030?
Six tech stocks are worth at least $1 trillion today, in terms of market capitalization. All six are members of the "Magnificent Seven" group of game-changing market darlings that drove the stock market's gains in 2023. There are other ways to measure market footprints, of course -- sorted by assets on the balance sheet, you'd get a very different list of six mega-banks and an insurance-based conglomerate instead.
Chip-making giant Taiwan Semiconductor Manufacturing (NYSE: TSM) is nowhere near the assets-based club of trillion-dollar companies -- but it falls just short of the trillion-dollar benchmark with a $718 billion market cap.
Is Taiwan Semi (also known as TSMC) joining the trillion-dollar elite order anytime soon? Let's see what it would take if I set the goal line at the year 2030.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
With 18 Buy predictions and not the single Sell prediction the community is currently very high on Taiwan Semiconductor Manufacturing Co. Ltd. ADR.
As a result the target price of 150 € shows a slightly positive potential of 3.16% compared to the current price of 145.4 € for Taiwan Semiconductor Manufacturing Co. Ltd. ADR.
