Two AI giants that could rival Apple's market cap by 2028

The article argues that Broadcom (AVGO) and TSMC (TSM) could challenge Apple’s (AAPL.OQ) $4 trillion market cap by 2028 as AI demand reorients value from consumer devices to silicon infrastructure. Analysts and the author highlight AVGO’s bespoke XPU/networking exposure, ~28% recent revenue growth, and visibility into $100B+ AI revenue through 2027 with ~41% annualized earnings growth. TSMC’s ~72% foundry share, leadership on 2nm/3nm nodes, and a reported 40% recent sales acceleration underpin expectations of ~50% annual AI-related demand growth. The piece issues “Buy” calls on AVGO and TSM, noting risks: hyperscalers delaying custom silicon adoption and geopolitical disruption in the Taiwan Strait. Market impact: sectoral rotation toward semiconductor suppliers could lift AVGO and TSM valuations relative to Apple, supporting further gains in AI infrastructure equities and affecting supply-chain and geopolitical risk pricing.