Prediction: Taiwan Semiconductor's Market Value Passes $3 Trillion Before 2029
Hitting the milestone by the end of 2028 takes about 14% a year -- from a business growing about three times that fast.
Overview
Taiwan Semiconductor Manufacturing (NYSE:TSM) is already worth about $2.2 trillion, with shares of the chip foundry trading at about $427 as of this writing.
My prediction: The company's market value passes the $3 trillion mark before 2029. To be specific, that means sometime before the end of 2028, about two years and four months away.
Details
That may sound like a bold call. The stock would need to reach about $580 per share, about 21% above its 52-week high of $479.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.