Taiwan Semiconductor reported record net income on revenue that rose 32% year over year.
The chip manufacturing giant's outlook fits with reports of iPhone 7 order cuts, and points to a conservative stance on future iPhone 8 orders.
Traders feel that tax cuts and some deregulation are the priorities for a pro-growth agenda.
The contrarian research firm led by Andrew Left raises some legitimate concerns about high-flying Nvidia going into 2017. But it also makes some more questionable claims.