TSMC and Broadcom are predicted to surpass Tesla in market value, fueled by AI chip demand.

Two semiconductor companies, TSMC and Broadcom, are predicted to surpass Tesla in market capitalization within five years. TSMC, currently the world's 10th largest company, benefits from a 31% year-over-year revenue increase, driven by AI chip demand. Broadcom, specializing in custom AI chips, reported a 3.5x increase in sales for these chips. Both companies are expected to grow at an annual rate of 20%, outpacing Tesla's forecasted 4% growth, due to strong AI market demand.

November 16, 2024
8 Articles

Further Reading