Taiwan Semiconductor Manufacturing (NYSE: TSM) is currently valued at $1.4 trillion and has the potential to surpass Apple’s $4 trillion market cap by 2030, driven by its involvement in the AI race and innovative chip technology that improves energy consumption by 25-30%. With a 40% projected EPS growth rate, TSMC could achieve this milestone.

Apple, a consumer electronics leader, has faced market saturation and slow revenue growth. Despite share repurchases and expense reductions, its EPS growth rate is projected at 12%. In contrast, Taiwan Semiconductor is at the forefront of the AI race, with chips utilized in high-powered computing devices, positioning it for significant growth potential in the coming years.

If TSMC and Apple achieve their projected EPS growth rates of 40% and 12% respectively by 2030, TSMC could have a market cap of $8.3 trillion, surpassing Apple’s $7.2 trillion. While these projections are ambitious, they highlight the potential for TSMC to outperform Apple in market share by 2030, driven by innovative technology and growth in the AI data center market.

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Read more at Nasdaq: Prediction: Taiwan Semiconductor Will Be Worth More Than Apple by 2030