Nvidia investors might be further enthused by sales figures from key supplier Taiwan Semiconductor Manufacturing.

Investors have been largely upbeat lately, with strong economic data offsetting rising tensions in the Middle East and uncertainty over the U.S. elections. On Tuesday, a tech-driven rally left the S&P 500 within striking distance of a new all-time record.

Chip giant Taiwan Semiconductor ($TSM) or TSMC reported strong revenue performance in September and year-to-date, reflecting the surging demand