A company’s quarterly earnings report commonly impacts its stock price, a theme that market participants have undoubtedly noticed.

As the world’s largest integrated circuit foundry provider, Taiwan Semi is seeing strong demand for its nanometer nodes in reference to the manufacturing technology it provides to help build advanced AI chips for Nvidia and others.

Portions of the market are blasting higher without any care in the world. Two good examples are below: the Russell 2000 and the Dow Transports, respectively.