|Day's range||34.55 - 34.55|
Few companies have managed to exceed a trillion dollars in market capitalization, and even fewer have managed to stay above that threshold. Currently, only four U.S. companies maintain this designation: Apple, Microsoft, Alphabet, and Amazon (Amazon is just barely above a $1 trillion market cap). With TSMC sitting at a $480 billion market cap right now, the company would need to maintain an 11% compounded annual growth rate through 2030 to hit that next-level valuation.
The artificial-intelligence (AI) hype is at a fever pitch right now, but the advent of generative AI over the past four months is no fluke. One eye-opening example of compounding AI capability was unveiled at Nvidia's (NASDAQ: NVDA) GTC conference last week. The company introduced a new software library for something called "computational lithography" -- a key step in the manufacturing process for Nvidia chips themselves.
Generative AI like ChatGPT has already captivated investors, but the market is still early in its adoption of AI software.