Taiwan Semiconductor Manufacturing Co.’s market value closed above $1 trillion for the first time in Taipei last week, with a raised sales forecast driven by robust artificial intelligence demand.

Shares of Taiwan Semiconductor gained after its Q2 earnings report. Earnings season is kicking off again, and one of the biggest companies to report earnings so far is Taiwan Semiconductor Manufacturing (NYSE: TSM),

One of the longer-term booms in the stock market right now is right at the center of the technology sector, as the space is responsible for most of the returns now in the S&P 500 and Nasdaq-100 indexes.