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Key Facts
Apple (NASDAQ: AAPL) currently stands as the second-largest company in the world by market capitalization at $4 trillion. In contrast, Taiwan Semiconductor Manufacturing (NYSE: TSM) is valued at $1.4 trillion. Analysts speculate that TSM could surpass Apple in market cap by 2030, contingent on its growth in the artificial intelligence (AI) sector and other technologies.
Taiwan Semiconductor reported a 41% revenue increase in Q3 in U.S. dollars, while its estimated earnings per share (EPS) growth rate is projected at 40%, compared to Apple’s long-term EPS growth rate of 12%. If these rates hold, TSM could reach an EPS of $57.08 and a market cap of $8.3 trillion by 2030, while Apple could have an EPS of $13.52 and a market cap of $7.2 trillion.
The data center market, projected to grow from $600 billion in 2025 to between $3 trillion and $4 trillion by 2030, supports these growth assumptions for Taiwan Semiconductor, positioning it at the forefront of AI technology.
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