Tech Stocks That Could Double by 2030: 2 Easy Choices

Core Viewpoint - Identifying stocks that can double in under five years is essential for investors to outperform the market, which typically doubles every seven years [1] Group 1: Nvidia - Nvidia has shown remarkable growth, turning every $10,000 invested into over $160,000 in the past five years [2] - The company's growth is closely linked to the AI arms race, with over 90% market share in data centers, indicating strong future demand [6] - In Q1 of fiscal 2026, Nvidia's revenue increased by 69% year over year to $44 billion, with expectations of 50% growth for Q2 [7] - Nvidia is projected to maintain revenue growth above the 15% threshold necessary to double within five years [8] Group 2: Taiwan Semiconductor - Taiwan Semiconductor is positioned to double within the next five years, supplying chips to major tech companies, including Nvidia [9] - Management forecasts AI-related revenue growth at a 45% compound annual growth rate (CAGR) over the next five years, contributing to an overall near-20% CAGR [10] - The company trades at 22.9 times forward earnings, making it relatively inexpensive compared to Nvidia and comparable to the S&P 500 [12]