Where Will TSMC Stock Be in 5 Years?

Group 1 - TSMC has experienced significant growth, with share prices increasing by 258% over the past five years, outperforming the S&P 500 index's 81% gain [1] - The global semiconductor market grew from $469 billion in 2018 to $527 billion in 2023, reflecting a compound annual growth rate (CAGR) of 2.3% [2] - The semiconductor industry is expected to see accelerated growth driven by artificial intelligence (AI), with revenue projected to increase at a CAGR of almost 11% through 2029, reaching $1.2 trillion [3] Group 2 - TSMC holds a dominant position in the semiconductor foundry market with a 62% market share, serving major companies like Nvidia, Intel, and Qualcomm [4] - TSMC's revenue for Q2 2024 rose by 33% year over year to $20.8 billion, with expectations of a 25% increase in 2024 to $86.4 billion, outpacing the forecasted 13% growth for global semiconductor sales [5] - The semiconductor foundry market is projected to be worth $236 billion by 2030, with TSMC potentially achieving $142 billion in annual revenue if it maintains a 60% market share [6] Group 3 - TSMC's revenue is expected to grow at an annual rate of 21% from 2023 to 2026, with projections indicating a revenue increase of 136% over the next five years [8] - The anticipated revenue growth is faster than the 102% increase from 2018 to 2023, suggesting strong potential for TSMC's stock appreciation [8]