<div id="readability-page-1"><div> <h2>Key Points</h2><ul><li>Broadcom is a core AI infrastructure play with strong recent growth and long demand visibility.</li><li>TSMC is the manufacturing gatekeeper for leading-edge chips, making it indispensable to the AI boom.</li><li>Both companies are expected to grow their earnings at much higher rates than Apple.</li><li>10 stocks we like better than Broadcom ›</li></ul>Apple has a market capitalization of about $4 trillion at the time of writing. But artificial intelligence (AI) is shifting more of the value creation toward the companies that supply the chips powering consumer devices and data centers.Broadcom (NASDAQ: AVGO) and Taiwan Semiconductor Manufacturing (NYSE: TSM) each have market caps around $1.9 trillion at the time of writing, and both are growing revenue and earnings meaningfully faster than Apple. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an &#34;Indispensable Monopoly&#34; providing the critical technology Nvidia and Intel both need. Continue »If either company can double its market cap by 2028, it could challenge -- or even surpass -- Apple's valuation. It might be a tall task given the potential risks for semiconductor stocks. Still, if Broadcom and TSMC merely deliver on analysts' earnings growth projections, these stocks could offer substantial upside over the next few years.<img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg2NDc4MC9idWxsLW1hcmtldC5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="700" height="393" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg2NDc4MC9idWxsLW1hcmtldC5qcGcmdz03MDA"/>Image source: Getty Images. <h2>1. Broadcom</h2>Broadcom sells high-speed networking hardware, software, and custom AI accelerators. That mix is driving strong results, including 28% year-over-year revenue growth last quarter. By contrast, Apple's revenue grew 16% year over year in a seasonally strong December-ending quarter. To catch Apple, Broadcom needs to at least double in value, and it's already delivering enough growth to do that.Custom chips are scaling alongside Nvidia's general-purpose graphics processing units (GPUs). These specialized accelerators can be more cost-effective for certain AI workloads where Nvidia's top-end GPUs would be too expensive or unnecessary. For Broadcom, this business has been booming, pushing AI semiconductor revenue up 74% year over year in the most recent quarter.Analysts expect Broadcom's earnings per share to grow at an annualized rate of 41% over the next several years, versus about 11% for Apple. If Broadcom maintains a similar price-to-earnings multiple, that level of earnings growth could be enough to more than double the stock and lift its market cap to more than $4 trillion.The main risk is customer concentration: Broadcom depends on a small group of six AI customers. A pause in spending could pressure business performance and the stock.Still, Broadcom says it has visibility into more than $100 billion in AI chip revenue through 2027. Broadcom shares currently trade at 35 times this year's earnings estimate, but just 22 times next year's. Investors may be undervaluing the long-tail demand from AI, which could support a higher earnings multiple and push Broadcom's valuation past Apple.<img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg2NDc4MC90c21jLWxvZ28ucG5nJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="700" height="466" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg2NDc4MC90c21jLWxvZ28ucG5nJnc9NzAw"/>Image source: The Motley Fool. <h2>2. Taiwan Semiconductor Manufacturing</h2>Taiwan Semiconductor Manufacturing may be the most critical company in the AI supply chain. It manufactures chips for Nvidia, Apple, and even Broadcom.TSMC has exposure across smartphones, PCs, and data centers, with AI now a major growth driver. In the first quarter, revenue growth accelerated to 40% year over year. Management expects AI chip demand to grow more than 50% annually through 2029.TSMC controls 72% of the foundry market, according to Counterpoint Research. With demand pushing capacity to the limit, growth is translating into strong margins and profitability. Analysts expect earnings per share to rise at an annualized rate of 27% over the next several years.CEO C.C. Wei put it simply on the company'searnings call saying, &#34;Our conviction in the multi-year AI megatrend remains high, and we believe the demand for semiconductors will continue to be very fundamental.&#34;Despite its dominance, the stock trades at about 25 times this year's consensus earnings estimate. If TSMC delivers on earnings growth and trades at a modestly higher earnings multiple, the stock could more than double by 2028 and potentially lift its market cap beyond $4 trillion.Risks include a severe global recession and, more importantly, geopolitical conflict between Taiwan and China that disrupts chip supply. Either of these risks would likely send the stock down.But the setup is straightforward. AI-related chip demand is expected to remain robust through the end of the decade, creating a path for leading semiconductor suppliers to outperform Apple in its more mature consumer device market.For patient investors, Broadcom and TSMC offer exposure to two dominant businesses at the heart of an AI-driven economy.<h2>Should you buy stock in Broadcom right now?</h2> Before you buy stock in Broadcom, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Broadcom wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $524,786!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,236,406!* Now, it’s worth noting Stock Advisor’s total average return is 994% — a market-crushing outperformance compared to 199% for the S&amp;P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of April 19, 2026. John Ballard has positions in Nvidia. The Motley Fool has positions in and recommends Apple, Broadcom, Nvidia, and Taiwan Semiconductor Manufacturing and is short shares of Apple. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. </div></div>

TSMG

TSMX

AVGX

AVGW

TSMU

AVGG

AVGU

Broadcom and TSMC are positioned to potentially surpass Apple's market cap by 2028, driven by strong growth in AI chip demand. Broadcom, with a 28% revenue growth last quarter, is expected to see earnings grow at 41% annually, while TSMC anticipates a 27% growth rate. Both companies are critical in the AI supply chain, with TSMC controlling 72% of the foundry market. However, risks include customer concentration for Broadcom and geopolitical tensions for TSMC. Investors may find substantial upside in these stocks as AI continues to drive demand.

2 Stocks That Could Be Worth More Than Apple by 2028