Meet the Supercharged Growth Stock That Could Join Apple, Nvidia, Microsoft, and Alphabet in the $2 Trillion Club by 2028

Artificial intelligence (AI) has been all the rage over the past couple of years and has seen its adoption growing at a dramatic pace. This, in turn, has accelerated the sales, profits, and resulting market caps of some of the world's most well-known companies. Indeed, six of the top-seven most-valuable companies in the world hail from the "Magnificent Seven," a group of companies with inexorable ties to AI.Leading the list are four of the world's leading developers of AI-centric technology. Apple tops the chart at $3.4 trillion. Nvidia, Microsoft, and Alphabet round out the quartet, with market values of $3.2 trillion, $3 trillion, and $2.16 trillion, respectively.With a market cap of roughly $977 billion (as of this writing), it might seem a bit premature to predict that Taiwan Semiconductor Manufacturing (NYSE: TSM), often referred to as TSMC, will soon be eligible for membership in this exclusive fraternity, but the company has all the trappings of success. The adoption of AI continues to grow, and the advanced semiconductors that underpin these sophisticated algorithms have seen demand explode. As the largest foundry in the world, TSMC is the world's largest provider of these next-generation processors, so its ascent into this prestigious club seems inevitable.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool