Achieving a $1 trillion market cap is a highly sought-after milestone for companies, representing their strong market position, financial stability, and impact on the economy. Finbold has identified two companies that are likely to reach this milestone in the latter half of 2024.
Taiwan Semiconductor Manufacturing Company, also known as TSMC, has been a key player in the global tech supply chain. Renowned for its high-performance chips, TSMC has become essential to tech giants like Apple and Nvidia. The company’s innovative capabilities have driven its stock price to near the coveted $1 trillion mark, with a significant rally in 2024, resulting in a closing price of $164.
Several factors contribute to TSMC’s expected market cap surge, including the ongoing global demand for semiconductors driven by technologies like 5G, AI, and IoT. The company’s investments in expanding production capacity and strong financial performance, with impressive earnings and revenue growth, have bolstered investor confidence.
Berkshire Hathaway, led by Warren Buffett, is another company on track to achieve a trillion-dollar market cap. Known for its diverse portfolio and strategic acquisitions, Berkshire Hathaway has demonstrated resilience and growth, with its stock trading at $413.72 in 2024 and rallying almost 15% year-to-date.
Both TSMC and Berkshire Hathaway’s potential to reach the $1 trillion market cap mark signifies strong investor confidence in the tech and conglomerate sectors. However, achieving this milestone will depend on the overall market performance in the latter half of 2024.
Disclaimer: The information provided should not be construed as investment advice. Investing carries risks, and capital is at risk when investing.
