Apple's growth potential could push Berkshire Hathaway and TSMC to $1 trillion market cap

From Nasdaq: 2024-08-05 04:55:00

Apple has long been one of the most valuable companies in the world, reaching a $1 trillion market cap in 2018. Berkshire Hathaway and TSMC could soon join the $1 trillion club with Apple’s help. Berkshire holds $88 billion in Apple stock, with Warren Buffett calling it a better business than any they own.

Apple’s transition to designing its own silicon chips benefits TSMC, with the potential to hit a $1 trillion market cap. Apple AI features are only available on the latest iPhone models, spurring a strong upgrade cycle that could boost TSMC’s revenue. Third-party developer access could further increase demand for TSMC chips.

Investors may wonder whether to buy into Apple, Berkshire Hathaway, or TSMC. While Apple stock looks attractive, Berkshire offers a diverse portfolio under Buffett’s leadership, and TSMC is a smart investment in AI chip demand. Each company serves a different need for investors, and it’s possible to invest in all three.

Consider other top stock picks before investing in Apple. The Motley Fool Stock Advisor identified the 10 best stocks with potential for high returns. Past recommendations like Nvidia have shown significant growth. Stock Advisor provides guidance on building a successful portfolio, with a history of outperforming the S&P 500 since 2002.

Disclosure: Adam Levy holds positions in Apple and TSMC. The Motley Fool also holds positions in and recommends Apple, Berkshire Hathaway, and TSMC. The author’s views are solely his own and do not represent Nasdaq, Inc.



Read more at Nasdaq: Apple Could Help Add These 2 Unstoppable Stocks to the $1 Trillion Club