Prediction: This Artificial Intelligence (AI) Stock Will Be Worth $3 Trillion in 5 Years

Taiwan Semiconductor Manufacturing (NYSE: TSM) is one of the most important players in the global semiconductor industry, as it fabricates chips for many of the top fabless chipmakers and consumer electronics giants.The Taiwan-based powerhouse holds a dominant 67% share of the global third-party foundry market; second-place Samsung (which also produces its own chips in-house) has just 11% of the third-party foundry space. Moreover, TSMC's foundry market share has risen steadily from 58% a couple of years ago to where it is now. Looking ahead, the growing demand for artificial intelligence (AI) chips could provide tremendous upside for TSMC, sending its market cap well above its current level of just over  $1 trillion.Indeed, I believe TSMC could triple its market cap in the next five years.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool