2 Growth Stocks With Great Potential in 2024 and Beyond

Group 1: Taiwan Semiconductor Manufacturing (TSMC) - TSMC is a leading chip foundry with a net profit of nearly $27 billion on $69 billion of revenue last year, reflecting a strong competitive position [2] - The company is experiencing a 5% revenue decline in Q1 compared to Q4, primarily due to weak end-market demand, although AI chip demand remains strong [2][3] - TSMC's earnings per share are projected to grow at an annualized rate of 22% over the next several years, supported by the demand for Nvidia's GPUs and a potential recovery in other markets [3] Group 2: Uber Technologies - Uber has over 7 million drivers and couriers, with double-digit growth in trips, monthly active customers, and revenue, indicating strong demand in its mobility business [4] - The number of trips grew by 21% year over year in Q1, and the company is expanding its platform to include more restaurants and grocery deliveries while managing costs [4] - Wall Street projects Uber's earnings to grow at an annualized rate of 45%, with an EPS estimate of $4.30 by 2026, suggesting significant upside potential for investors [5]