Prediction: Taiwan Semiconductor's Market Value Passes $3 Trillion Before 2029

Taiwan Semiconductor Manufacturing (TSMC) is predicted to reach a $3 trillion market value by the end of 2028, requiring approximately 14% annual growth. The company is currently valued at $2.2 trillion with shares trading around $427. TSMC's business is growing significantly faster, with Q2 2026 revenue up 36% year-over-year and management guiding for full-year revenue growth slightly above 40%. The company is increasing capital spending to $60-64 billion in 2026 and investing an additional $100 billion in Arizona facilities. Main risks include concentration in high-performance computing (66% of Q2 revenue) tied to AI infrastructure spending and potential margin compression.